WAEC Accounting 2021 Objective — Question 28

Question 28 of 50 from the West African Examinations Council (WAEC) Accounting 2021 Objective paper, with the correct answer and a full explanation.

Other operating expenses for the period is

A. GH¢27,300
B. GH¢25,700
C. GH¢24,700Correct
D. GH¢23,900

Explanation

Net profit = Gross profit + Discount received - Operating expenses - Discount allowed. 26,500 = 50,400 + 3,300 - Operating expenses - 2,500, so Operating expenses = GH¢24,700.

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