Waec Model Questions Vol1 2017 Financial Accounting Question 1
Practice objective / multiple choice question 1 from the 2017 Waec Model Questions Vol1 Financial Accounting examination.
The trial balance of XYZ Ltd as at 31 December shows the following items (amounts in Naira): Cash ................. 150,000 Dr Accounts Receivable ... 80,000 Dr Inventory ............. 120,000 Dr Equipment ............. 200,000 Dr Salaries Expense ....... ? Dr Rent Expense .......... 30,000 Dr Accounts Payable ...... 90,000 Cr Capital ............... 300,000 Cr Total Debits must equal Total Credits. What amount should be recorded as Salaries Expense?
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About This Question
This is Waec Model Questions Vol1 2017 Financial Accounting Question 1. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Easy .
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