WAEC Past Questions and Answers - Page 1094

Which of the following terms describes the provision made for the loss in the value of an asset that has a legal life span?

Discount received is

Use the following information to answer the question

\(\begin{array}{c|c} \text{Unpresented cheques} & N85,305 \\ \text{Balance as per bank statement} & N206,865 \\ \text{Balance as per cash book} & N144,495\end{array}\)

Uncredited cheques amount to

Item in the bank statement of a business but not in the Cash Book before preparation of bank reconciliation statement do not include

Errors in the ledger can be corrected through