JAMB Accounting 2013 Objective — Question 16

Question 16 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2013 Objective paper, with the correct answer and a full explanation.

(Using the same information as Q15) Calculate the expenses debited to the profit and loss account.

A. ₦17,000
B. ₦23,000
C. ₦26,000Correct
D. ₦30,000

Explanation

Expenses debited to profit and loss = Carriage outwards 6,000 + Expenses 20,000 = ₦26,000.

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