by Sunday | Aug 17 | Accounting WAEC
A. interest on drawings B. proposed dividends C. interim dividends D. provision for taxation E. General reserve Correct Answer: Option A – interest on drawings
by Sunday | Aug 17 | Accounting WAEC
A. sales B. gross profit or loss C. net profit or loss D. carriage outwards E. appropriated profit Correct Answer: Option B – gross profit or loss
by Sunday | Aug 17 | Accounting WAEC
A. cash account, credit sales account B. purchases account; credit cash account C. cash account; credit purchases account D. purchases account; credit sales account E. purchases account; credit goods account Correct Answer: Option B – purchases account; credit...
by Sunday | Aug 17 | Accounting WAEC
A. all assets and liabilities B. all balances C. credit entries of the business D. debit entries of the business E. capital and liabilities Correct Answer: Option A – all assets and liabilities
by Sunday | Aug 17 | Accounting WAEC
A. at discount B. at premium C. at subsidy D. on goodwill E. at a loss Correct Answer: Option B – at premium