by Sunday | Aug 17 | Accounting WAEC
A. debited to cash account and credit to asset account B. credited to cash account and debited to asset account C. debited to cash account and credited realisation account and credited to realisation account D. credited to cash account and debited to realisation...
by Sunday | Aug 17 | Accounting WAEC
A. ordinary dividend B. general reserve C. preference dividend D. debenture interest E. revenue reserve Correct Answer: Option A – ordinary dividend
by Sunday | Aug 17 | Accounting WAEC
A. real and cash accounts B. capital and nominal accounts C. real and normal accounts D. investment and real accounts E. interest received and real account Correct Answer: Option C – real and normal accounts
by Sunday | Aug 17 | Accounting WAEC
A. dividend received on behalf of customers B. bank charges C. insurance premium paid on behalf of customers D. dishonoured cheques E. uncredited charges Correct Answer: Option D – dishonoured cheques
by Sunday | Aug 17 | Accounting WAEC
A. credit side of sales ledger balances B. debit side of bought ledger balances C. credit side of bought ledger balances D. debit side of sales ledger balances E. sales ledger balances as a contra entry Correct Answer: Option B – debit side of bought ledger...