WAEC Past Questions and Answers - Page 1199

Use the following information to answer the given question
\(\begin{array}{c|c} & ₦ \\ \hline \text{ordinary shares of ₦1 each} & 500,000\\ \text{8% preference shares of ₦1 each} & 200,000\\ \text{Interim dividends paid} & \\ \text{- ordinary shares} & 40,000\\ \text{-preference shares} & 12,000\\ \text{profit for the year} & 100,000\end{array}\)
If no profit is to be retained, proposed preference shares dividend is

Which of the following is not a revenue account?

The basis of accounting which eliminates debtors and creditors is

A sales ledger contains

A book that contains the account for the financial transactions of an organizations is the