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. GH¢ 350,000 B. GH¢ 260,000 C. GH¢ 90,000 D. GH¢ 60,000 Correct...
by Sunday | Mar 19 | Accounting WAEC
A. Profit and Loss B. Trading C. Income surplus D. Profit and Loss appropriation Correct Answer: Option D D. Profit and Loss appropriation Explanation The main intention of preparing a profit and loss appropriation account is to show the distribution of profits among...
by Sunday | Mar 19 | Accounting WAEC
A. Profit-sharing ratio B. Interest on capital C. Interest on fixed asset D. Purpose of partnership Correct Answer: Option D D. Purpose of partnership Explanation Although each partnership agreement differs based on business objectives, certain terms should be...
by Sunday | Mar 19 | Accounting WAEC
A. The business makes a huge profit B. The business has good customer relationship C. A partner is dormant D. A new partner is admitted Correct Answer: Option D D. A new partner is admitted Explanation Goodwill is recorded in the books only when some consideration in...
by Sunday | Mar 19 | Accounting WAEC
A. Business entity B. Going concern C. Consistency D. Duality Correct Answer: Option A A. Business entity Explanation The business entity concept states that the transactions associated with a business must be separately recorded from those of its owners or other...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.