Gce Model Questions Vol1 2019 Financial Accounting Question 41
Practice objective / multiple choice question 41 from the 2019 Gce Model Questions Vol1 Financial Accounting examination.
The cash book for June shows an opening balance of £\(4,200\) on the debit side. During the month the following cash transactions were recorded:\n- Cash sales: £\(9,800\) (debit)\n- Cash purchases: £\(2,600\) (credit)\n- Salaries paid in cash: £\(1,500\) (credit)\n- Cash received from a customer for an outstanding invoice: amount unknown (debit)\nThe cash book also records a closing balance on the debit side. The total of the debit column is £\(24,500\) and the total of the credit column is also £\(24,500\). Assuming all other ledger postings are correct, determine the amount of the cash receipt from the customer.
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About This Question
This is Gce Model Questions Vol1 2019 Financial Accounting Question 41. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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