by Sunday | Jan 8 | Accounting WAEC
Use the following to answer this question. Industry ltd issued 100,000 shares at ₦1 each out of its Authorized share capital of ₦200,000 at ₦1 each. At the of the first call, all shareholders paid in full, except for two shareholders who owes ₦20,000. A. ₦310,000 B....
by Sunday | Jan 8 | Accounting WAEC
Use the following to answer this question. Industry ltd issued 100,000 shares at ₦1 each out of its Authorized share capital of ₦200,000 at ₦1 each. At the of the first call, all shareholders paid in full, except for two shareholders who owes ₦20,000. A. #70,000 B....
by Sunday | Jan 8 | Accounting WAEC
A. profit and loss account B. trading account C. balance sheet D. wages account Correct Answer: Option A A. profit and loss account Explanation Wages should be charged in the trading account only if shown separately on the trial balance from salaries. In such...
by Sunday | Jan 8 | Accounting WAEC
A. cash and credit transactions B. cash and credit accounts C. personal and private account D. personal and impersonal account Correct Answer: Option D D. personal and impersonal account Explanation A personal account is an account for use by an individual for that...
by Sunday | Jan 8 | Accounting WAEC
A. it is easy to prepare the final account B. it increase assets C. has cash and bank column D. It disburses cash Correct Answer: Option A A. it is easy to prepare the final account Explanation Double-entry accounting is easy to prepare and helps guarantee accurate...
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