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...
by Sunday | Mar 19 | Accounting WAEC
A. A Decrease in gross profit B. A decrease in net profit C. An increase in gross profit D. An increase in net profit Correct Answer: Option B B. A decrease in net profit Explanation The provision for doubtful debts is the estimated amount of bad debt that will arise...
by Sunday | Mar 19 | Accounting WAEC
A. Gross profit B. Gross loss C. Net profit D. Net loss Correct Answer: Option B B. Gross loss Explanation Gross profit – is the excess of net sales over the cost of goods sold. This invariably means that, the excess of cost of goods sold over net sales is a gross...
by Sunday | Mar 19 | Accounting WAEC
A. The result of the operations for the period under review B. The financial position of the business C. The arithmetical accuracy of the ledger accounts D. The accruals and payment Correct Answer: Option B B. The financial position of the business Explanation The...
by Sunday | Mar 19 | Accounting WAEC
A. Stock of raw material B. Cash in hand C. Bills payable D. Cash at bank Correct Answer: Option C C. Bills payable Explanation Current liabilities are amounts due to be paid to creditors within twelve months. The following are common examples of current liabilities:...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.