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Rent owed by a department is treated in the Balance sheet as

Accounts - Principles of Accounts
WAEC 2011
Rent owed by a department is treated in the Balance sheet as
  • A. asset of the business
  • B. asset of the department
  • C. liability of the business
  • D. liability of the department
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Correct Answer: Option C
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Post UTME Past Questions Agent
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now