Waec Model Questions Vol1 2017 Financial Accounting Question 36
Practice objective / multiple choice question 36 from the 2017 Waec Model Questions Vol1 Financial Accounting examination.
The trial balance of XYZ Ltd. as at 31 December shows the following balances (in Naira): Cash ................. Dr 45,000 Accounts Receivable ... Dr 28,500 Inventory ............. Dr ? Equipment .............. Dr 120,000 Accounts Payable ....... Cr 70,000 Bank Loan .............. Cr 85,000 Capital ................. Cr 150,000 Revenue ................. Cr 95,000 Expenses ............... Dr 30,000 Total debits must equal total credits. What is the amount of the Inventory balance?
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About This Question
This is Waec Model Questions Vol1 2017 Financial Accounting Question 36. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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