[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
  1. Home
  2. Classroom
  3. Accounts - Principles of Accounts
  4. WAEC 2024
  5. In an incomplete rec...

In an incomplete record, the excess of opening capital ove closing capital is 

Accounts - Principles of Accounts
WAEC 2024

In an incomplete record, the excess of opening capital ove closing capital is 

  • A. provision.
  • B. loss.
  • C. profit.
  • D. reserve.
Post UTME Past Questions Agent
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Correct Answer: Option B
Explanation

 If the opening capital is greater than the closing capital, it means the organization has incurred loss that drains its capital or make withdrawals.  

Previous Next
Go back to Acc classroom

Report an Error Ask A Question Download App
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
Post UTME Past Questions Agent
WAEC offline past questions - with all answers and explanations in one app - Download for free
{{ text }}

Contributions ({{ comment_count }})

Please wait...

{{ settings.no_comment_msg ? settings.no_comment_msg : 'There are no comments' }}

Quick Questions

Post your Contribution

Please don't post or ask to join a "Group" or "Whatsapp Group" as a comment. It will be deleted. To join or start a group, please click here

{{ quote.posted_by.display_name }}
{{ settings.form_textarea_description }}
 
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
WAEC offline past questions - with all answers and explanations in one app - Download for free
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
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
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076