by Sunday | Jan 6 | Accounting WAEC
A. long-term liabilities B. current assets C. current liabilities D. fixed assets Correct Answer: Option B = current assets Explanation Subscription in arrears is the sum of money due from members for a particular year but which has not been paid for that year. It is...
by Sunday | Jan 6 | Accounting WAEC
A. balance sheet B. general ledger C. general journal D. trial balance Correct Answer: Option C – general journal Explanation Journal is a prime entry into which transactions are entered on a daily basis. The journal is used to correct errors, recording entry...
by Sunday | Jan 6 | Accounting WAEC
A. contingency warrant B. supplementary general warrant C. reserved expenditure warrant D. virement warrant Correct Answer: Option A – contingency warrant Explanation Contingency warrant gives authority to the accountant general to release fund for urgent and...
by Sunday | Jan 6 | Accounting WAEC
Teteh and Kukuma are in partnership with capital balances of #300,000 and #200,000 respectively. They agreed to share profit on the basis of their capital. The profit for the year is #150,000 and the interest on capital is 5%. A. #15,000 B. #25,000 C. #10,000 D....
by Sunday | Jan 6 | Accounting WAEC
A. paid-up capital B. authorized capital C. reserve capital D. loan capital Correct Answer: Option B – authorized capital Explanation Authorized capital is also known as Nominal or Registered capital. It is the capital set out in the capital clause of the...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.