Gce Model Questions Vol1 2022 Financial Accounting Question 41
Practice objective / multiple choice question 41 from the 2022 Gce Model Questions Vol1 Financial Accounting examination.
The Purchases Ledger Control Account opened with a credit balance of £(2000). During the year the following entries were posted: (i) Purchases on credit of £(12000), (ii) Purchase returns of £(1200), (iii) Purchases on credit of an unknown amount X. The control account closed with a credit balance of £(14800). Determine the value of X.
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About This Question
This is Gce Model Questions Vol1 2022 Financial Accounting Question 41. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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