WAEC Accounting 2025 Objective — Question 47
Question 47 of 50 from the West African Examinations Council (WAEC) Accounting 2025 Objective paper, with the correct answer and a full explanation.
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One of the features of cash basis of accounting in public sector is that
- A. capital receipts are excluded from income in the accounting year
- B. it focuses on revenue items only
- C. trade debtors are recognized in the balance sheet
- D. capital expenditure items are written off within the accounting yearCorrect
Explanation
Cash basis of accounting bases all records on a single write-off; all expenses are written off within the year incurred.
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