Test Index

WAEC Accounting 2023 Paper

Question : 6

Total: 50

Solution:

Concept:

Total expenses are the sum of all expense items recorded in the cash book for the month.

Explanation:

The expense items are Electricity bill, Rent, Drawings, and Insurance.

Their amounts are

\mathrm{D}\,40{,}000

\mathrm{D}\,73{,}400

\mathrm{D}\,28{,}600

, and

\mathrm{D}\,12{,}800

Total expenses

= 40{,}000 + 73{,}400 + 28{,}600 + 12{,}800

Total expenses

= 154{,}800

So the total expenses for February 2019 amount to

\mathrm{D}\,154{,}800

Answer:

Option D —

\mathrm{D}\,154{,}800

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