by Sunday | Mar 21 | Accounting WAEC
A. credit capital account B. debit of capital accounts C. credit of partners’ current accounts D. debit of partners’ currents account Correct Answer: Option A A. credit capital account
by Sunday | Mar 21 | Accounting WAEC
A. revenue is recognized as being earned when ownership of goods passes to the customer B. revenue and profit should not be anticipated C. similar way from one accounting period to another D. transaction must be expressed in monetary term Correct Answer: Option D D....
by Sunday | Mar 21 | Accounting WAEC
A. realization concept B. materiality convention C. marching concept D. consistency convention Correct Answer: Option B B. materiality convention
by Sunday | Mar 21 | Accounting WAEC
A. total sales B. total credit sales C. total creditors D. total debtors Correct Answer: Option D D. total debtors
by Sunday | Mar 21 | Accounting WAEC
A. debit in the sales ledger B. debit in the purchases ledger C. credit in the sales ledger D. credit in the purchases ledger Correct Answer: Option C C. credit in the sales ledger