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Accounts Principles Of Accounts 2002 Waec Past QuestionsQuestion 46 :"Accountants do not count chickens before they are climbed". This is the concept of A. Accrual B. Materiality C. Realisation D. Going-concern Question 47 :Subscriptions in arrears is treated in the balance sheet of a club as A. Current liability B. Intangible assets C. Fictitious asset D. Current asset Question 48 :A suspense account is used to A. Record sales B. Agree the trial balance C. Record purchases D. Prepare the balance sheet |
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