by Sunday | Jan 10 | Accounting WAEC
A. cost price B. cost plus percentage C. selling price D. selling plus percentage Correct Answer: Option D D. selling plus percentage Explanation There are three different pricing methods that are used for charging goods to branches. They are: 1. At cost price 2. At...
by Sunday | Jan 10 | Accounting WAEC
Use the question to answer this question The following information was extracted from the books of Miliki state ₦ Sinking of boreholes 2,900,000 Purchase of Motor car 920,000 Stationery 300,000 Electricity 45,000 Purchase of drugs 76,000 Purchase of beds 425,000...
by Sunday | Jan 10 | Accounting WAEC
Use the question to answer this question The following information was extracted from the books of Miliki state ₦ Sinking of boreholes 2,900,000 Purchase of Motor car 920,000 Stationery 300,000 Electricity 45,000 Purchase of drugs 76,000 Purchase of beds 425,000 A....
by Sunday | Jan 10 | Accounting WAEC
Use the following information to answer this question. # Stock of finished goods: Jan 1st 50,640 Dec 31st 71,380 Stock of Raw materials: Jan 1st 32,160 Dec 31st 29,640 Purchase of Raw Materials 145,000 Manufacturing Wages 52,000 Depreciation: Factory equipment 16,500...
by Sunday | Jan 10 | Accounting WAEC
I. Bad debts II. Discounts III. Returns IV. Provision for bad debts A. I only B. II and III C. I and III only D. IV only Correct Answer: Option D D. IV only Explanation Provision for bad debts and trade discount allowed will not appear in the...