Waec Model Questions Vol1 2025 Financial Accounting Question 23

Practice objective / multiple choice question 23 from the 2025 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2025 Financial Accounting Objective / Multiple Choice Medium Difficulty
Question 23 WAEC_MODEL_QUESTIONS_VOL1 • 2025 • FINANCIAL_ACCOUNTING • objective

A company has a control account showing a balance of ₦150,000. During the month, it recorded sales of ₦80,000, returns of ₦10,000, and cash received from debtors of ₦50,000. If the control account is reconciled, what will be the new balance?

Answer Options

A. ₦300,000
Correct Answer B. ₦270,000
C. ₦250,000
D. ₦220,000
Correct Answer
B
Correct Option:
₦270,000

About This Question

This is Waec Model Questions Vol1 2025 Financial Accounting Question 23. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Medium .

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