by Sunday | Aug 18 | Accounting WAEC
A. wages and salaries account B. machinery account C. capital account D. drawings account E. Malaga and sons account Correct Answer: Option B – machinery account
by Sunday | Aug 18 | Accounting WAEC
A. goodwill B. overdraft C. preliminary expenses D. prepayments E. outstanding expense Correct Answer: Option D – prepayments
by Sunday | Aug 18 | Accounting WAEC
A. no interest at all B. interest at the rate of 2½% per annum C. interest at the rate 5% per anuum D. interest at all E. interest at the per annum Correct Answer: Option C – interest at the rate 5% per anuum
by Sunday | Aug 18 | Accounting WAEC
A. buying in large quantity B. prompt settlement of account C. being a regular customer D. introducing other customers E. sales returns Correct Answer: Option B – prompt settlement of account
by Sunday | Aug 18 | Accounting WAEC
A. undercast note B. consignment invoice C. purchases in voice D. debit note E. credit note Correct Answer: Option D – debit note