WAEC Accounting Past Questions & Answers - Page 281

Bank reconciliation statement reconciles

Whatever is fed into the computer is exactly what would be processed and produced as output. This is the concept of

Use the following information to answer the given question.

\(\begin{array}{c|c} & Ebrima & Jaiteh\\ & D & D \\ \hline Capital & 2,000 & 10,000\\ Drawings & 2,400 & 10,000\\ Salary & - & 900\\ \text{Profit sharing ratio} & \frac{3}{5} & \frac{2}{5}\end{array}\)

Profit for the year before 5% interest on capital was D18,000. Jaiteh's share of profit was

Use the following information to answer the given question.

\(\begin{array}{c|c} & Ebrima & Jaiteh\\ & D & D \\ \hline Capital & 2,000 & 10,000\\ Drawings & 2,400 & 10,000\\ Salary & - & 900\\ \text{Profit sharing ratio} & \frac{3}{5} & \frac{2}{5}\end{array}\)

Profit for the year before 5% interest on capital was D18,000. Ebima's share was

Which of the following is not a source of revenue to a government?