WAEC Accounting 2016 Objective — Question 11
Question 11 of 50 from the West African Examinations Council (WAEC) Accounting 2016 Objective paper, with the correct answer and a full explanation.
Advertisement
11. Which of the following items of expense involves actual cash payment? A. Discounts allowed B. Provision for depreciation C. Carriage outwards D. Allowance for doubtful debts
- A. Discounts allowed
- B. Provision for depreciation
- C. Carriage outwardsCorrect
- D. Allowance for doubtful debts
Explanation
Carriage outwards involves actual cash payment because the carrier will collect cash and not provision.
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.