WAEC Accounting 2016 Objective — Question 27
Question 27 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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27. Which of the following is a credit item in an Income and Expenditure account? A. Electricity B. Donations C. Stationery D. Bar suppliers
- A. Electricity
- B. DonationsCorrect
- C. Stationery
- D. Bar suppliers
Explanation
Donations is an income to the organisation. Incomes are credited to the income and expenditure account.
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