WAEC Accounting 2019 Objective — Question 11
Question 11 of 50 from the West African Examinations Council (WAEC) Accounting 2019 Objective paper, with the correct answer and a full explanation.
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(using: April 11 Sold goods for cash N50,000; April 20 Bought goods for cash N30,000; April 26 Bought postage stamp N5,000; April 28 Cash sales N49,000; April 29 Cash purchases N11,000; April 30 Paid salaries N18,000.) Total cash receipts for the period is
- A. N99,000Correct
- B. N64,000
- C. N50,000
- D. N35,000
Explanation
Total cash receipts = Sales (11/4) N50,000 + Sales (28/4) N49,000 = N99,000.
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