1991 - WAEC Accounting Past Questions and Answers - page 1

When shares are oversubscribed, the promoter nay decide to scale down the number of shareholding when this is done, the shares are being

Preliminary expenses of a limited liability company are

In government imprest system the amount reimbursed is the

Reccurrent expenditure of government is paid from

Which of the following is related to debtors account?

The price paid for the purchase of for the purchase of a business is

Depreciation is

Where there is provision for depreciation account, fixed assets must be shown in the Balance Sheet at the i. written down values ii. historical costs less depreciation for a period only iii. historical costs less total depreciation to date

N100 received from Laifat was entered on the payments side of the cash book with the double entry completed in her account. The correcting journal entries are

Discount allowed is a charge to