WAEC Accounting 2020 Objective — Question 45
Question 45 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 gross profit for Sportswear Department was
- A. GH¢76,200
- B. GH¢73,800Correct
- C. GH¢66,200
- D. GH¢58,600
Explanation
Gross profit for Sportswear = Sales - Cost of sales = GH¢(150,000-76,200) = GH¢73,800.
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