WAEC Accounting 2012 Objective — Question 10
Question 10 of 50 from the West African Examinations Council (WAEC) Accounting 2012 Objective paper, with the correct answer and a full explanation.
Advertisement
(Using the same information as Q9) The cost of sales is
- A. GH¢8,200Correct
- B. GH¢6,800
- C. GH¢6,800
- D. GH¢4,800
Explanation
Computation of cost of sales: Opening stock 1,400 + Purchases 8,700 = 10,100; less Closing stock 1,900 = Cost of sales GH¢8,200.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.