WAEC Accounting 2019 Objective — Question 28
Question 28 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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Interest on drawings amounted to
- A. GH¢ 6,000
- B. GH¢ 1,500Correct
- C. GH¢ 900
- D. GH¢ 600
Explanation
Total interest on drawings = Ajem (3% x 20,000=600) + Ogah (3% x 30,000=900) = GH¢1,500.
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