Waec Model Questions Vol1 2025 Financial Accounting Question 6
Practice objective / multiple choice question 6 from the 2025 Waec Model Questions Vol1 Financial Accounting examination.
A company has the following balances in its ledger accounts: Cash Account: ₦15,000, Accounts Receivable: ₦8,000, Accounts Payable: ₦5,000, and Inventory: ₦10,000. If the company decides to pay off ₦3,000 of its Accounts Payable, what will be the new balance of the Cash Account after this transaction?
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About This Question
This is Waec Model Questions Vol1 2025 Financial Accounting Question 6. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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