by Sunday | Jun 4 | Accounting WAEC
A. debit profit and loss appropriation account, credit current Account B. Debit profit and loss appropriation account, credit capital account C. debit current account, credit capital account D. debit profit and loss account, credit current account Correct Answer:...
by Sunday | Jun 4 | Accounting WAEC
A. credit sales are entered on debit side of the customer’s personal account B. credit purchases are entered on the debit side of the supplier’s personal account C. return inward are entered on the credit side of the customer’s personal account D....
by Sunday | Jun 4 | Accounting WAEC
A. trade debtors at the end of the year B. cash sales for the year C. credit sales for the year D. amount transferred from the sales day book Correct Answer: Option A A. trade debtors at the end of the year
by Sunday | Jun 4 | Accounting WAEC
A. interest on partners drawings B. partners salaries C. interest on partners capital D. share of profit Correct Answer: Option A A. interest on partners drawings
by Sunday | Jun 4 | Accounting WAEC
A. an increase in net profit B. a decrease in gross profit C. an increase in gross profit D. a decrease in net profit Correct Answer: Option A A. an increase in net profit