by Sunday | Jun 5 | Accounting WAEC
A. amount of goods available was understated B. cost of goods sold was overstated C. amount of sales was understated D. gross profit was overstated Correct Answer: Option D D. gross profit was overstated
by Sunday | Jun 5 | Accounting WAEC
A. debit purchases account, credit supplier’s account B. credit purchases account, debit supplier’s account C. credit bank account, debit purchases account D. debit bank account, debit purchases account Correct Answer: Option A A. debit purchases account,...
by Sunday | Jun 5 | Accounting WAEC
A. quick ratio B. gross profit over sales ratio C. stock turnover ratio D. debtors turnover ratio Correct Answer: Option A A. quick ratio
by Sunday | Jun 5 | Accounting WAEC
A. general partner B. limited partner C. sleeping partner D. nominal partner Correct Answer: Option A A. general partner
by Sunday | Jun 5 | Accounting WAEC
A. 50,000 B. 25,000 C. 20,000 D. 10,000 Correct Answer: Option B B. 25,000