WAEC Financial Accounting 2024 Question 40

Question 40

Source Documents

Use the following information to answer questions 40 and 41
Ade bought goods worth Le 30,000 from Ode and was given a 7.5% discount.
The evidence of payment for the goods Ade bought is the

  1. A.Receipt.
  2. B.Invoice.
  3. C.Waybill.
  4. D.Voucher.
Show the answer and explanation

Answer: A (Receipt.)

Explanation

A receipt confirms that payment was made.