by Sunday | Jan 6 | Accounting WAEC
Bola a grocer, keep petty cash on imprest system, the float being GH⊄ 8,000. These transactions took place in January 2018. GH⊄ January 1 Petty cash in hand 1034 January 1 Petty cash to restore float 6966 January 6 Bought note books 656 January 7 Paid wages 1828...
by Sunday | Jan 6 | Accounting WAEC
Bola a grocer, keep petty cash on imprest system, the float being GH⊄ 8,000. These transactions took place in January 2018. GH⊄ January 1 Petty cash in hand 1034 January 1 Petty cash to restore float 6966 January 6 Bought note books 656 January 7 Paid wages 1828...
by Sunday | Jan 6 | Accounting WAEC
Bola a grocer, keep petty cash on imprest system, the float being GH⊄ 8,000. These transactions took place in January 2018. GH⊄ January 1 Petty cash in hand 1034 January 1 Petty cash to restore float 6966 January 6 Bought note books 656 January 7 Paid wages 1828...
by Sunday | Jan 6 | Accounting WAEC
A. assets B. capital C. liabilities D. drawings Correct Answer: Option A – assets Explanation Assets are the resources or properties of a business organization e.g. land and building, premises, motor van etc. It is calculated as Asset =Capital +...
by Sunday | Jan 6 | Accounting WAEC
A. decrease in net profit B. increase in net profit C. decrease in gross profit D. increase in gross profit Correct Answer: Option A – decrease in net profit Explanation Increase in provision for doubtful debt occurs when the current year’s provision for...
by Sunday | Jan 6 | Accounting WAEC
A. debenture B. stock C. premium D. share Correct Answer: Option D – share Explanation Share can be defined as a unit of capital of a company allocated to an individual. It is the interest of the shareholder in the company mesured by in terms of money for...
by Sunday | Jan 6 | Accounting WAEC
Use the following information to answer question below A trader bought goods worth #16,000 and sold three-quarter of it for #20,000 A. 1/2 B. 1/5 C. 2/5 D. 2/3 Correct Answer: Option B – 1/5 Explanation Margin = Profit/Selling Price x 100 = 4,000/20,000 x 100 =...
by Sunday | Jan 6 | Accounting WAEC
Use the following information to answer question below A trader bought goods worth #16,000 and sold three-quarter of it for #20,000 A. #4,000 B. #8,000 C. #12,000 D. #6,000 Correct Answer: Option A –...
by Sunday | Jan 6 | Accounting WAEC
A. customer B. employee C. shareholder D. director Correct Answer: Option D – director Explanation Directors are agents to the company. They are expected to manage the business on behave of their principal, the shareholders. As a result, they are accountable to...
by Sunday | Jan 6 | Accounting WAEC
A. returns outwards B. carriage outwards C. returns inwards D. carriage inwards Correct Answer: Option A – returns outwards Explanation The rule of a trial balance is : – debit all expenses and assets – credit all income and gain and liabilities...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.