by Sunday | Mar 19 | Accounting WAEC
Use the following information to answer this question. Cash purchase – D 29,641 Creditors 1/1/14 – D 2,473 Creditors 31/12/14 – D 3,117 Cash paid to creditors – D 127,345 Discount received – D 4,211 A. D 161,841 B. D 156,986 C. D 134,673...
by Sunday | Mar 19 | Accounting WAEC
Use the following information to answer this question. Cash purchase – D 29,641 Creditors 1/1/14 – D 2,473 Creditors 31/12/14 – D 3,117 Cash paid to creditors – D 127,345 Discount received – D 4,211 A. D 161,841 B. D 156,986 C. D...
by Sunday | Mar 19 | Accounting WAEC
A. Current assets B. Fixed assets C. Current liabilities D. Long term liabilities Correct Answer: Option A A. Current assets Explanation Inventory means those current assets, which have been or will be converted into the final products of a company for sale in the...
by Sunday | Mar 19 | Accounting WAEC
I. Direct labour cost II. Factory overheads III. Hiring of machine for production IV. Warehouse rent A. I and II only B. I and III only C. I, II and III only D. I,II and IV only Correct Answer: Option B B. I and III only Explanation Prime costs consist of direct...
by Sunday | Mar 19 | Accounting WAEC
Use the following information to answer this question. Acquisition cost of computers – Le 80,000 Installation cost – Le 20,000 Estimated residual value – Le 4,000 Estimated useful life – 5 years. A. Le 80,000 B. Le 96,000 C. Le 100,000...