NECO Accounting 2023 Objective — Question 43
Question 43 of 50 from the National Examinations Council (NECO) Accounting 2023 Objective paper, with the correct answer and a full explanation.
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Using the Ibusah cash book information, the total expenses for the month is (a) D478,300 (b) D323,500 (c) D278,300 (d) D154,800
- A. D478,300
- B. D323,500
- C. D278,300
- D. D154,800Correct
Explanation
Total expenses = Electricity bill + Rent + Drawings + Insurance = 40,000 + 73,400 + 28,600 + 12,800 = D154,800.
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