WAEC Book Keeping 2025 Theory — Question 8
Question 8 of 40 from the West African Examinations Council (WAEC) Book Keeping 2025 Theory paper, with the correct answer and a full explanation.
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State the effect on the balance sheet of: bought goods by cheque.
Model answer
Decreases bank balance (asset) and increases inventory/stock (asset) - total assets unchanged.
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