WAEC Accounting 2012 Objective — Question 25
Question 25 of 50 from the West African Examinations Council (WAEC) Accounting 2012 Objective paper, with the correct answer and a full explanation.
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Rent accrued in 2009 was D140. In 2010, D900 was paid while D160 was outstanding. Rent for 2010 was
- A. D1,200
- B. D1,060Correct
- C. D920
- D. D880
Explanation
Rent A/c: Dr: Cash 900 + Rent c/d 160 = 1,060; Cr: Rent b/d 140 + P&L (balancing figure) 920 = 1,060. Rent for 2010 = D1,060.
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