Waec Model Questions Vol1 2020 Financial Accounting Question 23
Practice objective / multiple choice question 23 from the 2020 Waec Model Questions Vol1 Financial Accounting examination.
The Sales Ledger Control account shows a credit balance of ₦250,000. The total of the individual customer balances in the Sales Ledger (subsidiary ledger) is ₦235,000. It is later discovered that a credit sale of ₦15,000 to Customer C was recorded in the subsidiary ledger but not posted to the control account. After posting the missing entry, what will be the new balance of the Sales Ledger Control account?
Answer Options
About This Question
This is Waec Model Questions Vol1 2020 Financial Accounting Question 23. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.