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T. Trader sets aside from his private funds n1,500 for business purposes. The N1.500 would...

Accounts - Principles of Accounts
WAEC 1989
T. Trader sets aside from his private funds n1,500 for business purposes. The N1.500 would be referred to as
  • A. capital
  • B. loan
  • C. reserve
  • D. drawings
  • E. profit
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Correct Answer: Option A
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Post UTME Past Questions Agent
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
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts