1a)A source document is the original record containing the details to substantiate a transaction entered in an accounting system.
1b) i) Invoice
ii) credit note
iii) debit note
iv) payment voucher
v) petty cash voucher
(3ai) Accumulated fund:This is the funds that correspond to the capital of the partnership or sole trader and it will be calculated using the statement of affairs
(3aii) Subscription in arrears: This is the sum of money due for members but remained unpaid.It is treated as debtors in the balance sheet
(3aiii) Reciepts and payments: This is the accounts that shows the summary of a cash book over a particular period of time
(3aiv) Income and expenditure account: This is type of account being prepared based on the same principle as the profit and loss accounts.It is described as the equivalent of profit and loss account
(3av) Entrance fees: This is the money paid on application for membership of an association or club.It is normally treated as income in income and expenditure account
(3b) A share is defined as that portion of the joint stock companies capital owned by a share holder while debentures are documents in form of borrowing (eg bond issued under the seal of company in respect of money lent to it) on which the company agree to pay a certain fixed rate of interest
=============== 4a list the four main groups of accounting ratio?
Ansa: i) Liquidity
(6) MANUFACTURING TRADING PROFIT AND LOSS A/C FOR THE YEAR END 31/12/2014
Add carriage inwards:7500
Add direct expenses:11400
Less closing stock:40000
Add WIP @start:60000
Less WIP @ end:64000
less Gross profit on manufactured
Add Market value:251240
Less stock F.G:72000
G.P on manufactured:22840
How to/where to get
WAEC 2017 FINANCIAL ACCOUNTING (Obj & Theory) question
Waec Free 2016/2017 FINANCIAL ACCOUNTING Theory & Obj Questions and answers have
been posted FOR FREE OOOO
2016/2017 WAEC FINANCIAL ACCOUNTING OBJ AND THEORY ANSWERS NOW AVAILABLE.
Waec 2016/2017 verified ACCOUNTING OBJ/THEORY/ Questions and Answers
Here (FINANCIAL ACCOUNTING OBJ AND THEORY)
waec ENG expo,waec 2016 ENGLISH LANGUAGE answers, FREE FINANCIAL ACCOUNTING ans
waec, see waec expo questions for free, correct FINANCIAL ACCOUNTING ans,ACC
answers runz runs expo free
real and correct waec 2016 ACCOUNTING free expo runz runs ans answers
online for freee see free answers online.
2016/2017 Waec Free FINANCIAL ACCOUNTING Obj and theory Answers have been posted
ENGLISH LANGUAGE 2016 WAEC EXAMINATION EXPO/ANSWER RUNZ RUNS
OBJECTIVES and ESSAY.
REAL WAEC ENG QUESTIONS & ANSWERS Direct To … RE: 2015/2016
WAEC WASSCE FINANCIAL ACCOUNTING (Expo)waec 2016/2017 certified FINANCIAL ACCOUNTING
questions and answers
WAEC WASSCE MAY JUNE 2016 ENGLISH LANGUAGE THEORY / OBJ QUESTION AND
I need waec Gce free expo site, how can I get the answer for free,
Congratulation to Those who Sub For Previous Subjects and Received
Their Answers One Hour before Exam English language.
WAEC Gce 2016 financial accounting Obj And Theory Answers – May/June
Expo financial ACCOUNTING