by Sunday | Aug 18 | Accounting WAEC
A. debit cash account N5,200, credit suspense account N5,200 B. credit cash account N5,200, debit suspense account N5,200 C. debit cash account N2,600, credit suspense account N2,600 D. credit cash account N2,600, debit suspense account N2,600 E. credit cash account...
by Sunday | Aug 18 | Accounting WAEC
A. credit cash account, debit bank account B. debit cash account, credit bank account C. debit officer account, credit bank account D. debit drawings account, credit bank account E. debit bank account, credit drawings account Correct Answer: Option B – debit...
by Sunday | Aug 18 | Accounting WAEC
A. debit side of profit and loss account B. credit side of profit and loss account C. credit side of trading account D. debit side of profit and loss Appropritation account E. debit side of Balance under current liabilities Correct Answer: Option A – debit side...
by Sunday | Aug 18 | Accounting WAEC
A. provision for bad debts is deducted from debtors total in the Balance sheet B. An increase in provision for bad debts appears on the debi side of the profit and loss account C. a decrease in the provison for bad debts appears on the credit side of profit and loss...
by Sunday | Aug 18 | Accounting WAEC
Halima N Ibinabo N Capital accounts 1st Jan, 1992 100,000 50,000 Current accounts 1st Jan, 1992 20,000 40,000 Drawing during the year 10,000 15,000 Annual salaries 14,000 12,000 A. N66,500 B. N53,500 C. N51,500 D. N43,500 Correct Answer: Option C –...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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