WAEC Accounting 2013 Objective — Question 21
Question 21 of 50 from the West African Examinations Council (WAEC) Accounting 2013 Objective paper, with the correct answer and a full explanation.
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(Using the same information as Q20) Sales for the year is
- A. ₦45,795
- B. ₦42,080
- C. ₦41,580Correct
- D. ₦39,720
Explanation
Dr: Debtors control A/c; Bal b/d 1,215 + Sales(balancing figure) = Cash 40,650 + Bal c/d 2,145; Sales = 40,650+2,145−1,215 = 41,580.
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