WAEC Book Keeping 2025 Objective — Question 15
Question 15 of 42 from the West African Examinations Council (WAEC) Book Keeping 2025 Objective paper, with the correct answer and a full explanation.
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When return inwards is overstated, the:
- A. Net sales would be overstated
- B. Net sales would be understatedCorrect
- C. Cost of goods sold would be understated
- D. Cost of goods sold would be overstated
Explanation
Net sales = Sales - Returns inwards. If returns inwards is overstated, a larger figure is deducted from sales, so net sales becomes understated.
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