In a situation of incomplete records, profit is determined as

An office equipment bought for use was found to be defective and returned to the supplier. The subsidiary book to record this transaction is

Use the following information to answer the questionbelowProvision for doubtful debts------1,000Cr 
Bad debts--------500Dr 
Debtors-------50,000Dr 
Additional bad debts to be writtenoff-----500 
New provision for doubtful debts to stand at 5% of debtorsThe provision for doubtful debts to be charged to the Profit and Loss Account is

Use the following information to answer the questionbelowProvision for doubtful debts------1,000Cr 
Bad debts--------500Dr 
Debtors-------50,000Dr 
Additional bad debts to be writtenoff-----500 
New provision for doubtful debts to stand at 5% of debtorsThe net figure for debtors in the balance sheet is

A credit purchase of N200 from Osae was posted to the account of Osei. This is an error of

The double entry for interest on drawings by a partner is: debit

When bank charges are discovered in a bank statement, the adjustment is effected in the

A debit entry in a fixed asset account represents

2020 WAEC SSCE Accounts Past Questions