Waec Model Questions Vol1 2025 Financial Accounting Question 43

Practice objective / multiple choice question 43 from the 2025 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2025 Financial Accounting Objective / Multiple Choice Medium Difficulty
Question 43 WAEC_MODEL_QUESTIONS_VOL1 • 2025 • FINANCIAL_ACCOUNTING • objective

A company's purchases ledger shows a total of ₦80,000. However, the control account indicates a balance of ₦75,000. Upon investigation, it was found that a purchase invoice of ₦5,000 was recorded in the purchases ledger but not in the control account. What is the correct balance of the control account after adjusting for the invoice?

Answer Options

Correct Answer A. ₦80,000
B. ₦75,000
C. ₦85,000
D. ₦70,000
Correct Answer
A
Correct Option:
₦80,000

About This Question

This is Waec Model Questions Vol1 2025 Financial Accounting Question 43. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Medium .

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