by Sunday | Aug 19 | Accounting WAEC
A. provision for discount B. outstanding wages C. prepaid rent D. proposed dividend E. dividend received Correct Answer: Option E – dividend received
by Sunday | Aug 19 | Accounting WAEC
A. discount B. profit C. loss D. premium E. reserve Correct Answer: Option D – premium
by Sunday | Aug 19 | Accounting WAEC
Chukwu’s Capital at 1/1/89 and 31/12/89 were N30,000 and N50,000 respectively. During the year he introduced additional capital of N10,500 and withdrew N5,300 for private use. What is his profit for 1989? A. N30,500 B. N25,300 C. N20,000 D. N15,800 E. 14,800...
by Sunday | Aug 19 | Accounting WAEC
A. profit and loss account, credit debtors account B. debtors account, credit trading account C. profit and loss account, credit sales account D. trading account, credit debtors account E. profit and loss account, credit provision for doubtful debt account Correct...
by Sunday | Aug 19 | Accounting WAEC
A. ordinary fund B. accumulated fund C. float D. imprest receipt E. imprest fund Correct Answer: Option C – float