Waec Model Questions Vol1 2019 Financial Accounting Question 24
Practice objective / multiple choice question 24 from the 2019 Waec Model Questions Vol1 Financial Accounting examination.
The following figures relate to a local government for the year ended 31 December:\n- Revenue appropriations: ₦12,000,000\n- Revenue receipts: ₦10,500,000\n- Unused appropriations transferred to the next year: ₦1,200,000\n- Expenditure appropriations: ₦11,500,000\n- Expenditure incurred: ₦11,800,000\n- Expenditure paid: ₦11,300,000\n- Outstanding liabilities at year end: ₦500,000\n- Receivable at year end: ₦300,000\nCalculate the fund balance at the end of the year.
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About This Question
This is Waec Model Questions Vol1 2019 Financial Accounting Question 24. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Hard .
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