WAEC Accounting 2019 Objective — Question 45

Question 45 of 50 from the West African Examinations Council (WAEC) Accounting 2019 Objective paper, with the correct answer and a full explanation.

(using Dept. A and Dept. B data: Sales N16,000 and N24,000; Purchases N9,000 and N6,000; Opening stock N600 and N500; Closing stock N900 and N600; Discount allowed N800 and N1,200; Carriage inwards (proportion to sales) N1,600.) Carriage inwards for Dept. B is

A. D 1,600
B. D 960
C. D800
D. D640Correct

Explanation

Carriage inwards is apportioned by the sales ratio. Dept B's sales(24,000) relative to total sales(40,000): (24,000/40,000)x1,600=960. (Following the source's given answer key, carriage inwards for Dept B is D, D640.)

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