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WAEC Accounting 2024 Paper
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© africaexams.com
Question : 10
Total: 50
A sole trader received the sum of # 4,860 cash from a debtor. The effect of this transaction in the balance sheet is
decrease in stock and increase in debtor.
decrease in asse and increase in liability.
increase in cash and decrease in debtor.
increase in cash and decrease in capital.
Validate
Solution:
Cash receive from debtors will increase cash and will reduce the balance of debtors.
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