Waec Model Questions Vol1 2025 Financial Accounting Question 36
Practice objective / multiple choice question 36 from the 2025 Waec Model Questions Vol1 Financial Accounting examination.
A company has the following transactions for the month of January: Sales of ₦50,000, Purchases of ₦30,000, and Expenses of ₦10,000. The company also has an opening balance of ₦5,000 in its cash account. Calculate the closing balance of the cash account at the end of January.
Answer Options
About This Question
This is Waec Model Questions Vol1 2025 Financial Accounting Question 36. It is one of the objective questions from the 2025 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.