by Sunday | Jun 2 | Accounting WAEC
Use the following information to answer this question. ₦ Opening capital 60,000 Drawings 4,000 Cost of sales 50,000 General expenses 7,000 Mark-up 50% What is the closing capital? A. ₦81,000 B. ₦78,000 C. ₦74,000 D. ₦64,000 Correct Answer: Option C C....
by Sunday | Jun 2 | Accounting WAEC
Use the following information to answer this question. ₦ Opening capital 60,000 Drawings 4,000 Cost of sales 50,000 General expenses 7,000 Mark-up 50% What is the Net profit ________? A. ₦ 43,000 B. ₦25,000 C. ₦23,000 D. ₦18,000 Correct Answer: Option D D....
by Sunday | Jun 2 | Accounting WAEC
A. capital B. drawings C. creditors D. bank balance Correct Answer: Option B B. drawings
by Sunday | Jun 2 | Accounting WAEC
A. credit sales B. bad debts C. returns inwards D. discounts allowed Correct Answer: Option A A. credit sales
by Sunday | Jun 2 | Accounting WAEC
A. subscription accounts and income and expenditure accounts B. subscriptions accounts and balance sheet C. income and expenditure account and balance sheet D. receipts snd payments account and income and expenditure account Correct Answer: Option C C. income and...