Waec Model Questions Vol1 2022 Financial Accounting Question 31
Practice objective / multiple choice question 31 from the 2022 Waec Model Questions Vol1 Financial Accounting examination.
During the month, the Purchase Book shows total credit purchases of ₦1,200,000. It is later discovered that ₦50,000 of this amount were actually cash purchases and should have been recorded in the Cash Book. The Cash Book records cash purchases of ₦300,000, but this includes the ₦50,000 that belong to the Purchase Book. What amount should be posted to the Journal as total purchases for the month?
Answer Options
About This Question
This is Waec Model Questions Vol1 2022 Financial Accounting Question 31. It is one of the objective questions from the 2022 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.