by Sunday | Aug 17 | Accounting WAEC
A. profit B. reserve C. premium D. dividend E. interest Correct Answer: Option E – interest
by Sunday | Aug 17 | Accounting WAEC
A. accrual B. cash C. income D. expenditure E. profit Correct Answer: Option B – cash
by Sunday | Aug 17 | Accounting WAEC
A. reduction in net profit B. reduction in cash balance C. reduction in gloss profit D. increase in gross profit E. increase in net profit Correct Answer: Option E – increase in net profit
by Sunday | Aug 17 | Accounting WAEC
Use the following to answer the given question N Provision for bad debts 1,000Cr Bad debts 500Dr debtors 50,000Dr Additional bad debts to be written off 500 A. N47,025 B. N46,550 C. N45,600 D. N45,500 E. N43,225 Correct Answer: Option D –...
by Sunday | Aug 17 | Accounting WAEC
Use the following to answer the given question N Provision for bad debts 1,000Cr Bad debts 500Dr debtors 50,000Dr Additional bad debts to be written off 500 A. N47,025 B. N46,550 C. N45,600 D. N45,500 E. N43,225 Correct Answer: Option D –...