WAEC Accounting 2017 Objective — Question 17
Question 17 of 50 from the West African Examinations Council (WAEC) Accounting 2017 Objective paper, with the correct answer and a full explanation.
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17. Carriage outward expenses of a business are treated in the
- A. A. Balance Sheet
- B. B. Income Surplus Account
- C. C. Profit and Loss AccountCorrect
- D. D. Trading Account
Explanation
Carriage outward is expense incurred on sales. Thus, it is treated in the profit and loss account.
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