Gce Model Questions Vol1 2019 Financial Accounting Question 17
Practice objective / multiple choice question 17 from the 2019 Gce Model Questions Vol1 Financial Accounting examination.
The trade receivables control account opened with a debit balance of \(80,000\). During the year credit sales of \(250,000\) were posted and cash receipts from customers totalling \(210,000\) were credited. The control account shows a closing debit balance of \(120,000\). The subsidiary ledger totals for customers A, B and C are \(30,000\), \(25,000\) and \(20,000\) respectively. What is the balance owed by customer D?
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About This Question
This is Gce Model Questions Vol1 2019 Financial Accounting Question 17. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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