NECO Financial Accounting 2021 Answers: Get NECO Financial Accounting Answers Objective and Essay for Friday 28th July, 2021, Paper III & II: Objective, Theory & Practice – Financial Accounting – 2:00pm- 5:50pm.
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NECO Financial Accounting 2021 Objective Answers
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NECO 2021 Financial Accounting Essay Answers
(1a)
Capital expenditure may be described as outlay resulting in the increase or acquisition of an asset ot increase in the earning capacity of a business WHILE Revenue expenditure is such outlay as is necessary for the maintenance of earning capacity, including the upkeep of the fixed assets in a fully efficient state, and the normal total involved in selling, including the cost of goods and services of the business to which it relates.
(1b)
(i)Purchases day book or journal
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2021 neco accounting questions and answers