WAEC Accounting 2024 Objective — Question 12
Question 12 of 50 from the West African Examinations Council (WAEC) Accounting 2024 Objective paper, with the correct answer and a full explanation.
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An item recorded in the trial balance is
- A. opening stockCorrect
- B. closing stock
- C. accrued expenses
- D. depreciation charged for the year
Explanation
Opening stock is part of the ledger balances at the start of the year, so it appears in the trial balance; the others are usually year-end adjustments.
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