WAEC Accounting 2016 Objective — Question 24
Question 24 of 50 from the West African Examinations Council (WAEC) Accounting 2016 Objective paper, with the correct answer and a full explanation.
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24. The credit purchases is A. D161,841 B. D156,986 C. D134,673 D. D132,200
- A. D161,841
- B. D156,986
- C. D134,673
- D. D132,200Correct
Explanation
Purchases Control A/c: Cr side (Discount Received 4,211 + Cash 127,345 + Bal c/d 3,117) = Dr side (Bal b/d 2,473 + Credit purchases). Credit purchases = 4,211+127,345+3,117-2,473 = D132,200.
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