by Sunday | Aug 16 | Accounting WAEC
A. close its account in the ledger B. give it out as a collateral C. turn it to cash D. open its account in the ledger E. mortgage it Correct Answer: Option C – turn it to cash
by Sunday | Aug 16 | Accounting WAEC
A. an invoice B. a statement of account C. a debit note D. a credit note E. goods received note Correct Answer: Option D – a credit note
by Sunday | Aug 16 | Accounting WAEC
i. depreciation charges increase profits ii. reduction in provision for bad debt increases profit iii. undervalued stock increases profits A. ii and iii B. i and iii C. iii D. ii E. i Correct Answer: Option A – ii and...
by Sunday | Aug 16 | Accounting WAEC
A. an accrual B. a provisin C. a current liability D. a long-term liability E. a current asset Correct Answer: Option C – a current liability
by Sunday | Aug 15 | Accounting WAEC
i. calls-in-arrears ii. cash-in-advance iii. Share discount A. i B. ii C. iii D. ii and iii Correct Answer: Option D – ii and iii