WAEC Accounting Past Questions & Answers - Page 312

Okoro and Osula are in partnership sharing profits and losses in the ratio 3 : 2 respectively. Their respective capital were ₦7,000 and ₦5,000. Interest on capital was 5% and interest on drawings was 10%. The net profit was ₦30,000.Using the following information, Okoro's share of the profit is

The document used in government accounting to shoe evidence of cash receipt and payments is the

Which of the following errors will affect the totals of a trial balance?

In departmental accounts, rent is appointed on the basis of

Which of the following is not a subsidiary book?