WAEC Accounting 2024 Objective — Question 29
Question 29 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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The balance sheet as at 31/12/2022 will show a current liability of
- A. GH¢59,000
- B. GH¢24,000Correct
- C. GH¢22,200
- D. GH¢1,000
Explanation
The closing balance on the purchases (creditors) control account, GH¢24,000, is what is shown as the current liability in the balance sheet.
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