Test Index

WAEC Accounting 2019 Paper

Question : 11

Total: 45

Use the following information to answer question below

Solution:

Concept:

Total cash receipts are found by adding together all cash inflows.

Explanation:

• Cash received from one source is

\mathrm{N}50,000

• Cash received from another source is

\mathrm{N}49,000

• Total cash receipts

= \mathrm{N}50,000 + \mathrm{N}49,000 = \mathrm{N}99,000

Answer:

\mathrm{N}99,000

(Option A).

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