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  # Stock 1/1/09 2200 Purchases 18000 Sales  27000 Salaries 1500 Rejection in doubtful debts...

Accounts - Principles of Accounts
JAMB 2024
  #

Stock 1/1/09

 2200

Purchases

 18000

Sales 

 27000

Salaries

 1500

Rejection in doubtful debts

 500

Office expenses

 1100

Other expenses

 1300

Stock 31/12/09

1000

The total expenses is

  • A. #3,900
  • B. #3,800
  • C. #4,400
  • D. #3,400
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Correct Answer: Option A
Explanation

Total Operating Expenses = #1,500 (Salaries) + #1,100 (Office Expenses) + #1,300 (Other Expenses) Total Operating Expenses = #3,900

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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