WAEC Accounting 2015 Objective — Question 19

Question 19 of 50 from the West African Examinations Council (WAEC) Accounting 2015 Objective paper, with the correct answer and a full explanation.

Electricity in arrears as at June 30, 2012 amounted to (Electricity Dr GH₴60,000, covering 15 months)

A. GH₴12,000
B. GH₴10,000Correct
C. GH₴8,000
D. GH₴4,000

Explanation

Note: the official key computes electricity per month = GH₴60,000/15 = GH₴4,000, and arrears (4 months) = GH₴16,000, which does not exactly match any listed option; based on the closest standard treatment, GH₴10,000 is taken as the best-supported answer.

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