WAEC Accounting 2022 Objective — Question 45

Question 45 of 50 from the West African Examinations Council (WAEC) Accounting 2022 Objective paper, with the correct answer and a full explanation.

Use the following information to answer questions 45 to 47. Trading Account of Umeh Enterprises for the year ended 31st December 2019. GH¢ | GH¢ Opening stock 10,000 | Sales 200,000 Purchases 120,000 | Less returns: (4,000) Closing stock (130,000) | Net Sales 196,000 Cost of goods sold — | Gross profit — | 196,000 | 196,000 The cost of goods sold is

A. GH¢152,800
B. GH¢107,200
C. GH¢88,800
D. GH¢43,200

Explanation

The figures given for this trading account (as extracted from the source) do not resolve to a consistent cost of goods sold, and the source's own answer key marks this question as an 'Incomplete question' — the scanned trading account appears to be missing or misprinted data. No reliable answer can be derived from the data as given.

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