WAEC Accounting 2024 Objective — Question 33
Question 33 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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Taiyelolu's balance of current account at the end of the year is
- A. #107,000Correct
- B. $87,000
- C. #68,000
- D. #40,000
Explanation
Opening balance #40,000 + salary #28,000 + interest on capital #20,000 + share of profit #19,000 - drawings #20,000 = #107,000.
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