WAEC Accounting Past Questions & Answers - Page 139

Which of the following is not a balance sheet item?

The excess of the par value of a company's shares over the amount for what for which they are issued to the public is called

Chukwu's Capital at 1/1/89 and 31/12/89 were N30,000 and N50,000 respectively. During the year he introduced additional capital of N10,500 and withdrew N5,300 for private use. What is his profit for 1989?

When provision is made for doubtful debt, the accounting entries are debit

 

The fixed amount of money set aside for pretty expenses is called