WAEC Accounting 2020 Objective — Question 22

Question 22 of 50 from the West African Examinations Council (WAEC) Accounting 2020 Objective paper, with the correct answer and a full explanation.

Total expenses debited to Income and Expenditure Account for 2018 was

A. N12,610,000
B. N8,095,000
C. N4,515,000
D. N4,095,000Correct

Explanation

Expenses = Wages and salaries + Rent and rates + Anniversary dance expenses + Travelling expenses = N(2,400,000+600,000+955,000+140,000) = N4,095,000.

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