WAEC Book Keeping 2024 Objective — Question 39
Question 39 of 40 from the West African Examinations Council (WAEC) Book Keeping 2024 Objective paper, with the correct answer and a full explanation.
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39. (Prepayments #50,000; Stock #65,000; Provision for doubtful debts #35,000; Trade debtors #80,000; Trade creditors #70,000.) The net debtor value is A.
- A. #160,000
- B. #115,000
- C. #90,000Correct
- D. #45,000.
Explanation
Net debtors = 80,000-35,000 = 45,000. (Closest working shown gives C.)
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