Waec Model Questions Vol1 2025 Financial Accounting Question 26
Practice objective / multiple choice question 26 from the 2025 Waec Model Questions Vol1 Financial Accounting examination.
A business has incomplete records. At the beginning of the year, the owner had a cash balance of ₦50,000. During the year, cash sales amounted to ₦200,000, while cash purchases were ₦120,000. The owner also withdrew ₦30,000 for personal use. At the end of the year, the cash balance was ₦70,000. Calculate the total expenses incurred by the business during the year.
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This is Waec Model Questions Vol1 2025 Financial Accounting Question 26. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Hard .
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