Gce Model Questions Vol1 2022 Financial Accounting Question 21
Practice objective / multiple choice question 21 from the 2022 Gce Model Questions Vol1 Financial Accounting examination.
After posting the following entries to the Purchases Ledger, the ledger shows a net debit balance of \(\text{₦}6,000\). Determine the amount of purchase returns recorded. Entries: 1. Purchases on credit: \(\text{₦}80,000\) (debit). 2. Freight‑in: \(\text{₦}4,000\) (debit). 3. Purchase returns: amount unknown (credit).
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About This Question
This is Gce Model Questions Vol1 2022 Financial Accounting Question 21. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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