by Sunday | Mar 20 | Accounting WAEC
A. an error of omission B. a compensating error C. an error of commission D. an error of principal Correct Answer: Option C C. an error of commission Explanation Error of commission: is a mistake that consists of doing something wrong, such as including a wrong...
by Sunday | Mar 20 | Accounting WAEC
A. selling of goods on credit to a customer B. withdrawal of goods by the proprietor for his personal use C. cheque paid directly into the bank account by a customer D. omission of purchases received from a supplier on credit Correct Answer: Option C C. cheque paid...
by Sunday | Mar 20 | Accounting WAEC
A. purchases B. assets C. sales D. profits Correct Answer: Option C C. sales Explanation Net turnover – is turnover before VAT and after trade discounts have been deducted. A company may use net turnover to measure the total volume of...
by Sunday | Mar 20 | Accounting WAEC
A. customer’s account; credit bank account B. bank account; credit customer’s account C. customer’s account; credit sales account D. sales account; credit customer account Correct Answer: Option B B. bank account; credit customer’s account...
by Sunday | Mar 20 | Accounting WAEC
A. sales day book B. purchases daybook C. returns inwards book D. petty cash book Correct Answer: Option D D. petty cash book Explanation A petty cash is a cash book used to enter all small or petty expenses obtained. For example tea, Xerox copy, etc. The petty cash...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.