Waec Accounting Past Questions
Question 1641
Items shown in the balance sheet as asset includes
- A. debit balance on drawings account
- B. debit balance on a customer's account
- C. credit balance on the capital's account
- D. credit balance on a supplier's account
Question 1642
Subscription in advance is treated in the balance sheet under
- A. long-term liabilities
- B. current liabilities
- C. accumulated fund
- D. current assets
Question 1643
A set of rules and procedures guiding the operations of a partnership is called partnership
- A. code
- B. business
- C. seal
- D. deed
