WAEC Accounting Past Questions & Answers - Page 131

Where the cash book does not show a credit balance in a bank reconciliation: Unpresented cheques are book 
i. added to the cash book balance 
ii. added to the bank statement balance 
iii. deducted from the cash book balance

The authority of the accountant-General to disburse from government fund is called

The document evidencing a disbursement of government fund is known as

The authorized share capital of a limited liability company is the number of shares

 

Acquash has sold goods on credit and received N2,200 in cash from debtors. At the end of the previous year N500 was owed by customers. The balance outstanding this year is N300. sales for the year amounted to