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Expenditure incurred to maintain an asset’s earning capacity is called?

Expenditure incurred to maintain an asset’s earning capacity is called?

by Sunday | Aug 17 | Accounting WAEC

A. capacity expenditure B. revenue expenditure C. general expenditure D. tangible expenditure E. intangible expenditure Correct Answer: Option B – revenue expenditure

Expenditure incurred to maintain an asset’s earning capacity is called?

In the consignee’s record account, the accounting treatment of expenses paid for on behalf of the consignor is debit

by Sunday | Aug 17 | Accounting WAEC

A. consignee’s account, credit cash account, credit cash account B. cash account, credit consignor’s account C. consignee’s account, credit cash account D. cash account, credit consignee’s account E. account sales, credit consignee’s...

Expenditure incurred to maintain an asset’s earning capacity is called?

Which of the following does a consignee prepare and send to his consignor?

by Sunday | Aug 17 | Accounting WAEC

A. account receivable B. current account C. account payable D. account sales E. consignment account Correct Answer: Option D – account sales

Expenditure incurred to maintain an asset’s earning capacity is called?

The aggregate of amounts owed to a business by is customers is known as?

by Sunday | Aug 17 | Accounting WAEC

A. accounts receivable B. account current C. accounts payable D. accumulated fund E. debtors’ fund Correct Answer: Option A – accounts receivable

Expenditure incurred to maintain an asset’s earning capacity is called?

The maximum amount which a company can raise by way of selling share is?

by Sunday | Aug 17 | Accounting WAEC

A. issued capital B. working capital C. paid-up capital D. shareholders capital E. authorized capital Correct Answer: Option E

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