Waec Model Questions Vol1 2020 Commerce Question 29
Practice objective / multiple choice question 29 from the 2020 Waec Model Questions Vol1 Commerce examination.
A sole trader's cash book for the month shows the following cash receipts (in ₦): sales 250,000; loan received 80,000; interest received 2,000. Cash payments (in ₦) are: purchases 120,000; salaries 45,000; rent 20,000; loan repayment 30,000; purchase of equipment 50,000; interest paid 5,000. Depreciation expense for the month is ₦10,000 (non‑cash). Using the indirect method, prepare a cash flow statement and determine the net increase in cash for the month.
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About This Question
This is Waec Model Questions Vol1 2020 Commerce Question 29. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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