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arrow_drop_downspeaker_notes Quiz

speaker_notes Accounting (WAEC 2000)

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This is for O'level students preparing for Accounting WAEC examination.
Instruction: Achieve at least 50% in less than 30 seconds per question.

Quiz Started: 0 Second ago · 23 October 2018 11:34 · Questions: 50 · Answered: 0 · Recommended Time: 0h:25m:0s
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1 Click Here To Discuss Question

Use the following information to answer the given question

  N
Sales 14,600
Purchases 5,500
Return Inward 150
Rent 2000
Salaries 1000
Discount Received 400
Closing stock 250
Opening stock 100

Gross profit is

Select 1 Option (1 Mks)
2 Click Here To Discuss Question

use the following information to answer the given question

  N
Opening Stock:  
Raw materials 6.500
Work-in-progress 2,500
Closing Stock:  
Raw materials 4000
Work-in-progress 1000
Purchases of raw materials 12,500
Manufacturing wages 2000
Factory rent 500

What is the cost of raw materials consumed?

Select 1 Option (1 Mks)

 

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