WAEC Book Keeping 2025 Objective — Question 32
Question 32 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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Use the following information to answer questions 32 to 34. The cost of goods sold is:
- A. N25,000
- B. N40,000Correct
- C. N60,000
- D. N115,000
Explanation
Cost of goods sold = Opening stock + Purchases - Closing stock = 50,000 + 65,000 - 75,000 = N40,000.
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