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1856
Sale of goods for N500 to Eddy was not posted. This is an error of
  • A. omission
  • B. compensation
  • C. commission
  • D. principle
  • E. ordinary entry
View Answer & Discuss WAEC 1994
1857
Purchase of goods for N1,000 from chukwu had been entered in Cukwura's account. This is an error of
  • A. omission
  • B. compensation
  • C. commission
  • D. principle
  • E. original entry
View Answer & Discuss WAEC 1994
1858
A typewriter for office use sold for N5,000 was posted to sales account. This is an error of a
  • A. omission
  • B. compensation
  • C. commission
  • D. principle
  • E. original entry
View Answer & Discuss WAEC 1994
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1859
Goods purchased for N92 was entered in the books as N29. This is an error of
  • A. compensation
  • B. omission
  • C. commission
  • D. principle
  • E. original entry
View Answer & Discuss WAEC 1994
1860
John brought in an additional plant into his business. What are the accounting entries necessary to reflect the transaction?
  • A. debit plant account, credit current account
  • B. debit current account, credit plant account
  • C. credit plannt account, credit profit and loss account
  • D. debit profit and loss account, credit plant account
  • E. debit plant account, credit capital account
View Answer & Discuss WAEC 1994
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