Use the following information to answer the question The following transactions were recorded in the...
FINANCIAL
WAEC 2023
Use the following information to answer the question
The following transactions were recorded in the cash book of Ibusah for the month of February 2019:
| D | |
Balance b/f | 200,000 |
| Commission received | 180,000 |
| Receipts from Ojah | 98,000 |
| Electricity bill | 40,000 |
Rent | 73,400 |
| Drawings | 28,600 |
| Insurance | 12,800 |
- A. D 278,300
- B. D 323,500
- C. D 478,300
- D. D 154,800
Correct Answer: D. D 154,800
Explanation
Total Expenses = Electricity bill + Rent + Drawings + Insurance Total Expenses = D40,000 + D73,400 + D28,600 + D12,800 Total Expenses = D154,800
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