by Sunday | Mar 20 | Accounting WAEC
A. discount column B. cash column C. bank column D. ledger folio Correct Answer: Option A A. discount column
by Sunday | Mar 20 | Accounting WAEC
A. every debtor must have a creditor B. every account debited must be immediately credited C. for every debit entry, there must be a corresponding credit entry D. for every double debit, there must be a double credit Correct Answer: Option C C. for every debit entry,...
by Sunday | Mar 20 | Accounting WAEC
A. database B. character C. byte D. record Correct Answer: Option A A. database Explanation Database – is an integrated collection of logically related records or files. A database consolidates records previously stored in separate files into a common pool of...
by Sunday | Mar 20 | Accounting WAEC
A. manufacturing wages B. factory rent C. depreciation of machinery D. salary of factory guard Correct Answer: Option A A. manufacturing wages Explanation Examples of factory overhead costs include: indirect materials, indirect labor, depreciation of the factory...
by Sunday | Mar 20 | Accounting WAEC
A. firms providing personal services B. firms engaged solely in buying and selling of goods C. firms which make and sell articles D. non-trading organization Correct Answer: Option C C. firms which make and sell articles Explanation The manufacturing account is an...