WAEC Accounting 2020 Objective — Question 37
Question 37 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 Electricity that would be charged to Profit and Loss Account for the year 2017 is
- A. GH¢ 296,000
- B. GH¢ 240,000
- C. GH¢ 238,000
- D. GH¢ 236,000Correct
Explanation
Electricity charged for the year = GH¢(238,000+49,000... adjusted for prepayments: 238,000+58,000-60,000) = GH¢236,000.
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