WAEC GCE Financial Accounting 2022 Answers: Get WAEC GCE Financial Accounting Answers Objective and Essay for Saturday, 19th November, 2022, Paper III & II: Objective, Theory & Practice – Financial Accounting – 9:30am – 12:00noon.
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WAEC GCE Financial Accounting 2022 Objective Answers
(i) Fixed assests: may be defined as the resources, Properties or possession of a Firm. They are owned by a business and are expected to be of Some future benefits.
(i) Furniture and Fitting
(ii) plant and machinery
(iii) Land and Building
(ii) Current assests: these are assets, which are usually held For a short period of time For the purpose of Conversion in the ordinary Course of business.
(i) Stock of goods
(iii) Capital is the original Money invested in a business by the owner. it is also referred to as net worth or Owner’s equity
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WAEC GCE 2022 Financial Accounting Essay Answers
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