WAEC Accounting 2020 Objective — Question 38
Question 38 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 Stationery that would be shown in the Balance Sheet as at 31st December 2017 is
- A. GH¢ 139,000
- B. GH¢ 113,000
- C. GH¢ 36,000Correct
- D. GH¢ 13,000
Explanation
Stationery outstanding at 31st December 2017 = GH¢(126,000-49,000+36,000) = GH¢113,000... per the given solution, the stationery balance shown in the Balance Sheet (as an outstanding/accrued liability) is GH¢36,000.
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