by Sunday | Aug 16 | Accounting WAEC
A. undercasting of purchase B. overcasting of purchases C. original entry D. transportation of returns outwards E. omission of creditor’s balance Correct Answer: Option A – undercasting of purchase
by Sunday | Aug 16 | Accounting WAEC
A. depreciated on straight line method B. depreciated on reducing balance method C. expenses in the year of purchase D. charged to federation account E. not recognized in any form Correct Answer: Option C – expenses in the year of...
by Sunday | Aug 16 | Accounting WAEC
A. surplus B. drawing C. deficit D. shortage E. discount Correct Answer: Option C – deficit
by Sunday | Aug 16 | Accounting WAEC
A. profit and loss appropriation account B. manufacturing account C. trading account D. profit and loss account E. current account Correct Answer: Option D – profit and loss account
by Sunday | Aug 16 | Accounting WAEC
A. goods sold B. goods purchased C. goods returned to stock D. excess stock E. goods for manufacture Correct Answer: Option A – goods sold