by Sunday | Mar 19 | Accounting WAEC
A. Defalcations account B. Branch stock account C. Branch adjustment account D. Branch debtors account Correct Answer: Option A A. Defalcations account Explanation Defalcation predominantly refers to the theft, misuse or misappropriation of money or funds held by an...
by Sunday | Mar 19 | Accounting WAEC
A. Wages and Salaries B. Rent and Rates C. Canteen Expenses D. Discount allowed Correct Answer: Option B B. Rent and Rates
by Sunday | Mar 19 | Accounting WAEC
A. A promoter B. A subscriber C. An allottee D. An underwriter Correct Answer: Option B B. A subscriber Explanation Companies issue their shares for a subscription either publicly or by private placement. People who apply to subscribe (buy) the shares are...
by Sunday | Mar 19 | Accounting WAEC
A. Prospectus B. Article of association C. Memorandum of association D. Certificate of incorporation Correct Answer: Option B B. Article of association Explanation Articles of association are a document that specifies the regulations for a company’s operations...
by Sunday | Mar 19 | Accounting WAEC
Use the following information to answer the question below Mr. White acquired Mr. Black’s business for GH¢ 410,000. The total assets were GH¢ 670,000 and liabilities amounted to GH¢ 320,000. A. Cash account and credit goodwill account B. Goodwill account and...