by Sunday | Jan 6 | Accounting WAEC
A. profit on goods produced B. cost of goods produced C. cost of goods sold D. profit on goods sold Correct Answer: Option B – cost of goods produced Explanation Manufacturing account is prepared to determine the cost of production or cost of goods manufactured...
by Sunday | Jan 6 | Accounting WAEC
A. dual aspect concept B. realization concept C. materiality concept D. business entity concept Correct Answer: Option C – materiality concept Explanation Materiality is a principle which states that only items of material value are recorded. For example, the...
by Sunday | Jan 6 | Accounting WAEC
A. business entity concept B. money measurement concept C. prudence concept D. materiality concept Correct Answer: Option C = prudence concept Explanation Prudence also known as conservatism. The principles states that the accountant should not be anticipate income...
by Sunday | Jan 6 | Accounting WAEC
Use the following information to answer the question below $ Cash book balance (credit) 750 Uncredited cheques 500 Unpresented cheques 1680 Direct credit 300 Bank charges 150 A. $ 580 Cr. B. $ 430 Dr. C. $ 430 Cr. D. $ 1,480 Cr. Correct Answer: Option C –...
by Sunday | Jan 6 | Uncategorized
Use the following information to answer the question below $ Cash book balance (credit) 750 Uncredited cheques 500 Unpresented cheques 1680 Direct credit 300 Bank charges 150 A. $ 600 Cr B. $ 300 Cr C. $ 900 Cr D. $ 1,200 Cr Correct Answer: Option B = $ 300 Cr...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.