Free account: track your progress — Sign up free

WAEC Accounting 2021 Objective — Question 27

Question 27 of 50 from the West African Examinations Council (WAEC) Accounting 2021 Objective paper, with the correct answer and a full explanation.

[Gross profit 50,400; Discounts received 3,300; Discounts allowed 2,500; Net profit 26,500; Cost of goods sold 184,000.] Sales for the period is

A. GH¢234,400Correct
B. GH¢210,500
C. GH¢133,600
D. GH¢76,900

Explanation

Sales = Cost of goods sold + Gross profit = 184,000 + 50,400 = GH¢234,400.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Accounting 2021 Objective More Accounting past papers