WAEC Book Keeping 2025 Objective — Question 26
Question 26 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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Balance carried down at the end of the year is:
- A. N11,840
- B. N12,740
- C. N13,640
- D. N16,240Correct
Explanation
Total Creditor Control Account: Credit side (Balance b/d N28,400 + Purchases N13,600 = N42,000) less Debit side (Cash N23,000 + Discount received N1,900 + Returns N900 = N25,800) leaves a balance c/d of about N16,200 (closest option, N16,240).
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