Gce Model Questions Vol1 2021 Financial Accounting Question 31

Practice objective / multiple choice question 31 from the 2021 Gce Model Questions Vol1 Financial Accounting examination.

Gce Model Questions Vol1 2021 Financial Accounting Objective / Multiple Choice Medium Difficulty
Question 31 GCE_MODEL_QUESTIONS_VOL1 • 2021 • FINANCIAL_ACCOUNTING • objective

The sales journal for the month shows a total of debit entries (sales) amounting to \(£40,000\), excluding one missing sale to Alpha Ltd. The total of credit entries (sales returns) is \(£2,800\). The net sales (debits minus credits) recorded for the month are \(£38,500\). What is the amount of the missing sale to Alpha Ltd?

Answer Options

A. 1500
B. 1200
C. 1400
Correct Answer D. 1300
Correct Answer
D
Correct Option:
1300

About This Question

This is Gce Model Questions Vol1 2021 Financial Accounting Question 31. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Financial Accounting examination.

Difficulty level: Medium .

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