WAEC Accounting 2016 Objective — Question 17
Question 17 of 50 from the West African Examinations Council (WAEC) Accounting 2016 Objective paper, with the correct answer and a full explanation.
Advertisement
17. Rent for 2014 chargeable to the profit and loss account is A. N4,000 B. N3,200 C. N3,000 D. N2,800
- A. N4,000
- B. N3,200Correct
- C. N3,000
- D. N2,800
Explanation
Rent A/c: Bal b/d 600 + Cash 3,000 = 3,600; P&L (rent chargeable) = 3,600-400(bal c/d)=N3,200.
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.