WAEC Accounting 2020 Objective — Question 27
Question 27 of 50 from the West African Examinations Council (WAEC) Accounting 2020 Objective paper, with the correct answer and a full explanation.
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The value of closing stock of finished goods that would be shown in the balance sheet is
- A. D37,800
- B. D20,000
- C. D19,800Correct
- D. D18,000
Explanation
The value in the trading account is the same value that will be transferred to the balance sheet, i.e. D19,800.
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