WAEC Accounting 2024 Objective — Question 28

Question 28 of 50 from the West African Examinations Council (WAEC) Accounting 2024 Objective paper, with the correct answer and a full explanation.

The purchases for 2022 is

A. GH¢90,800
B. GH¢55,800
C. GH¢39,200
D. GH¢20,800Correct

Explanation

Using a total purchases control account: Payments 30,000 + Discount received 1,800 + Closing balance 24,000 - Opening balance 35,000 = Purchases of GH¢20,800.

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