by Sunday | Jan 10 | Accounting WAEC
A. ₦20,000 B. ₦6,000 C. ₦6,174 D. ₦10,000 Correct Answer: Option C C. ₦6,174 Explanation Convert mark-up to margin 25/100=4 =11+4=15 profit = 1/5 x 30,870 = 6,174
by Sunday | Jan 10 | Accounting WAEC
A. to access the performance of the branches B. check the excesses of customers C. record charges in shareholdings D. record charges in liabilities Correct Answer: Option A A. to access the performance of the branches Explanation Branch account enables control to be...
by Sunday | Jan 10 | Accounting WAEC
A. warrant B. budget C. imprest D. consolidated fund Correct Answer: Option A A. warrant Explanation Warrant is the only authority through which money is expended in government.
by Sunday | Jan 10 | Accounting WAEC
A. plant and machinery B. motor van C. premises D. land Correct Answer: Option D D. land Explanation Land is permanent. It does not wear and tear.
by Sunday | Jan 10 | Accounting WAEC
A. Direct expenses B. Factory wages C. Distribution expenses D. Raw materials Correct Answer: Option C C. Distribution expenses Explanation Distribution expenses cover the cost of warehousing, transport, material handling e.t.c. It is a non-manufacturing cost and not...