Waec Model Questions Vol1 2017 Financial Accounting Question 20
Practice objective / multiple choice question 20 from the 2017 Waec Model Questions Vol1 Financial Accounting examination.
The Sales Ledger (Debtors) of Delta Co. shows the following movements for March: - Opening balance (debit): ₦120,000 - Credit sales during the month: ₦250,000 - Cash received from debtors: ₦200,000 - Returns inwards: ₦15,000 - Discount allowed: ₦5,000 - Bad debts written off: ₦8,000 A credit entry of ₦12,000 was inadvertently omitted from the ledger. Determine the correct closing debit balance of the Sales Ledger at 31 March.
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About This Question
This is Waec Model Questions Vol1 2017 Financial Accounting Question 20. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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