GCE Accounting 2023 Objective — Question 42
Question 42 of 50 from the General Certificate of Education (GCE) Accounting 2023 Objective paper, with the correct answer and a full explanation.
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Using the Ibusah cash book information, the balance brought down at the end of the month is (a) D478,300 (b) D323,500 (c) D278,300 (d) D154,800
- A. D478,300
- B. D323,500Correct
- C. D278,300
- D. D154,800
Explanation
Balance c/d = Balance b/f + Total income - Total expenses = 200,000 + 278,300 - 154,800 = D323,500.
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