by Sunday | Aug 14 | Accounting WAEC
Use the following information to answer the given question # Debtors (1/1/98) 2,000 Debtors (31/12/98) 1,250 Cash received from debtors 6,000 Bad debt written off 750 Discount allowed 500 Discount received 125 A. N6,000 B. N3,250 C. N2,000 D. N1,250 Correct...
by Sunday | Aug 14 | Accounting WAEC
Use the following information to answer the given question # Debtors (1/1/98) 2,000 Debtors (31/12/98) 1,250 Cash received from debtors 6,000 Bad debt written off 750 Discount allowed 500 Discount received 125 A. N3,375 B. N2,625 C. N2,000 D. N1,875 Correct...
by Sunday | Aug 14 | Accounting WAEC
Use the following information to answer the given question # Debtors (1/1/98) 2,000 Debtors (31/12/98) 1,250 Cash received from debtors 6,000 Bad debt written off 750 Discount allowed 500 Discount received 125 A. N8,500 B. N6,625 C. N6,500 D. N6,000 Correct...
by Sunday | Aug 14 | Accounting WAEC
A. credited to the trading account B. debited to the profit and loss account C. credited to the profit and loss account D. credited to the appropriation account Correct Answer: Option A – credited to the trading account
by Sunday | Aug 14 | Accounting WAEC
A. credited to the trading account B. debited to the Profit and Loss Account C. credited to the Profit and Loss Account D. credited to the Appropriation Account Correct Answer: Option C – credited to the Profit and Loss...