2004 - WAEC Accounting Past Questions and Answers - page 3
Which of the following is not a debit item in the partnership profit and loss appropriation account?
Which of the following is not correct?
When discount is allowed, the accounting entry is debit Discount allowed and credit
When partners maintain fixed capital accounts, the correct entries for a partner's share of profit is
Goodwill is taken into account in partnership when
The excess of current assets over current liabilities is
A class of preference shares in which dividend rights are carried forward is
The class of shareholders who are paid last in the event of wedding-up are
When both debit and credit entries in respect of a transaction are made in the same ledger account, this is
Use the following information to answer the given question
(\begin{array}{c|c} & N\ \text{Stock of raw materials - 1st January, 2002} & 460,000\ \text{Purchases of raw materials} & 1,000,000\ \text{Carriage inwards} & 100,000 \ \text{Stock of raw materials - 31st December, 2002} & 500,000\ \text{Royal paid} & 35,000 \ \text{Manufacturing wages} & 80,000\ \text{Supervisor's salary} & 15,000\end{array})
Total overhead cost is