by Sunday | Mar 19 | Accounting WAEC
A. Budgeting B. Allocation C. Virement D. Vote Correct Answer: Option C C. Virement Explanation virement is the transfer of money from one account to another or from one section of a budget to another.
by Sunday | Mar 19 | Accounting WAEC
A. Excise duties B. Market dues C. Import duties D. Loans and grants Correct Answer: Option B B. Market dues Explanation Local government revenue comes from property, sales, and other taxes; levies, dues, charges and fees; and transfers from federal and state...
by Sunday | Mar 19 | Accounting WAEC
A. Branch stock adjustment account B. Goods sent to branch account C. Branch stock account D. Branch profit and loss account Correct Answer: Option C C. Branch stock account Explanation The head office will debit the particular branch asset (Branch Machinery, Branch...
by Sunday | Mar 19 | Accounting WAEC
A. Head office transactions with the branch B. Branch transactions with the head office C. Goods sent to branch at selling price D. Cash received from branch as sales Correct Answer: Option A A. Head office transactions with the branch Explanation Branch current...
by Sunday | Mar 19 | Accounting WAEC
A. Branch stock account; credit branch debtors account B. Branch debtors account; credit branch stock account C. Branch debtors account; credit branch adjustment account D. Branch adjustment account; credit branch debtors account Correct Answer: Option B B. Branch...