by Sunday | Aug 15 | Accounting WAEC
A. form of trading account B. proof of arithmetical accuracy of postings C. statement showing profits at a certain date D. statement showing assets and liabilities at a certain date Correct Answer: Option D – statement showing assets and liabilities at a certain...
by Sunday | Aug 15 | Accounting WAEC
A. supplier’s account is debited and the purchasers account credited B. returns outwards account is debited and the supplier’s account credited C. purchaser’s Account is debited and the supplier’s account credited D. supplier’s account is...
by Sunday | Aug 15 | Accounting WAEC
A. narration of all transactions and accounts B. debit balances of the accounts C. list of all balances extracted from the ledger D. list of all credit balances in the ledger Correct Answer: Option C – list of all balances extracted from the...
by Sunday | Aug 15 | Accounting WAEC
A. carriage outwards B. gross profit C. distribution expenses D. net profit Correct Answer: Option B – gross profit
by Sunday | Aug 15 | Accounting WAEC
A. record difference in the books until errors are located B. accumulate debit and credit balances C. accommodate debit balances of profit statements D. record accounts of the general ledger Correct Answer: Option A – record difference in the books until errors...