Accounting Archives - Page 333 of 386

The document prepared for the disbursement of government fund is?

A. an invoice B. a receipt C. a payment voucher D. a bill Correct Answer: Option B B. a receipt

The accounting treatment when goods are sent to branch at a cost is, debit branch stock account and credit?

A. branch stock adjustment account B. goods sent to branch account C. branch debtors account D. branch profit and loss account Correct Answer: Option A A. branch stock adjustment account

Carriage inwards is shown on he?

by Sunday | Mar 21 | Accounting WAEC

A. debit side of the trading account B. credit side of the trading account C. credit side of the profit and loss account D. debit side of the profit and loss account Correct Answer: Option A A. debit side of the trading account