by Sunday | Aug 16 | Accounting WAEC
A. Receipt from sales of goods B. Rent from premises sublet C. Interest on savings account D. cash on sale of fixed asset E. Receipt from trade debtors Correct Answer: Option E – Receipt from trade debtors
by Sunday | Aug 16 | Accounting WAEC
A. Branch Adjustment Account B. Goods sent to Branch Account C. Branch Stock Account D. Branch Debtors Account E. Branch Returns Account Correct Answer: Option C – Branch Stock Account
by Sunday | Aug 16 | Accounting WAEC
A. discount B. reserve C. premium D. loss E. goodwill Correct Answer: Option A – discount
by Sunday | Aug 16 | Accounting WAEC
Use the following information to answer this question A business whose assets consisted of stock N15,000 and debtors N8,000 was bought by issuing 20,000 ordinary shares of N1 each at a premium of 20 percent. A. N4,000 B. N3,000 C. N2,000 D. N1,6000 E. N1,000 Correct...
by Sunday | Aug 16 | Accounting WAEC
Use the following information to answer this question A business whose assets consisted of stock N15,000 and debtors N8,000 was bought by issuing 20,000 ordinary shares of N1 each at a premium of 20 percent. A. N24,000 B. N23,000 C. N20,000 D. N15,000 E. N8,000...