WAEC Accounting 2019 Objective — Question 12
Question 12 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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The cash balance at the end of the period is
- A. N99,000
- B. N64,000
- C. N35,000Correct
- D. N34,000
Explanation
Total receipts N99,000 less total payments (purchases N30,000+postage N5,000+purchases N11,000+salaries N18,000=N64,000) = N99,000-N64,000 = N35,000.
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