Waec Model Questions Vol1 2020 Financial Accounting Question 11
Practice objective / multiple choice question 11 from the 2020 Waec Model Questions Vol1 Financial Accounting examination.
The trial balance of a company shows a total debit balance of ₦150,000. The following ledger balances are known: Cash Dr ₦25,000 Bank Dr ₦30,000 Accounts Receivable Dr ₦20,000 Inventory Dr ₦15,000 Equipment Dr ₦40,000 Accounts Payable Cr ₦35,000 Capital Cr ₦45,000 Revenue Cr ? What amount should be shown in the Revenue account (indicate the side and figure)?
Answer Options
About This Question
This is Waec Model Questions Vol1 2020 Financial Accounting Question 11. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.