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Use the following information to answer this  question. Ade bought goods worth le 30,000 from...

Accounts - Principles of Accounts
WAEC 2024

Use the following information to answer this  question.
Ade bought goods worth le 30,000 from Ode and was given a 7.5% discount.  


The evidence of payment for the goods Ade bought is the 

  • A. receipt.
  • B. invoice.
  • C. waybill.
  • D. voucher.
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Correct Answer: Option A
Explanation

Receipt is the documents that shows transfer of ownership of a good to the bearer.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076