by Sunday | Mar 21 | Accounting WAEC
A. cost of sales and increase gross profit B. gross profit and increase cost of sales C. purchases and increases sales D. sales and increase purchases Correct Answer: Option A A. cost of sales and increase gross profit
by Sunday | Mar 21 | Accounting WAEC
A. bulk purchases B. prompt payment C. quick delivery D. cash payment Correct Answer: Option A A. bulk purchases
by Sunday | Mar 21 | Accounting WAEC
A. prepare the financial statements B. value stock C. make decisions D. prepare budgets Correct Answer: Option C C. make decisions
by Sunday | Mar 21 | Accounting WAEC
A. net profile or loss for the year B. gross profit or loss for the year C. accumulated fund for the year D. gross profit on manufacturing Correct Answer: Option B B. gross profit or loss for the year Explanation The purpose of the profit and loss account is to: Show...
by Sunday | Mar 21 | Accounting WAEC
A. trading account B. profit and loss account C. balance sheet D. appropriation account Correct Answer: Option C C. balance sheet Explanation A balance sheet is a financial statement that reports a company’s assets, liabilities and shareholders’ equity at...