Gce Model Questions Vol1 2017 Financial Accounting Question 35
Practice objective / multiple choice question 35 from the 2017 Gce Model Questions Vol1 Financial Accounting examination.
During June, Green Co. recorded the following transactions in the appropriate books of original entry: 1. Purchased office equipment for £4,500 cash. 2. Bought inventory on credit for £9,800. 3. Returned defective inventory worth £600 to the supplier. 4. Paid the supplier for the remaining inventory, taking a 1 % cash discount. 5. Sold goods costing £5,200 for £8,000 on credit. 6. Received cash from debtors amounting to £3,500. Using the purchases journal, sales journal, cash book and general journal, determine the total of the credit column of the trial balance at month‑end.
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About This Question
This is Gce Model Questions Vol1 2017 Financial Accounting Question 35. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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