Gce Model Questions Vol1 2023 Financial Accounting Question 25
Practice objective / multiple choice question 25 from the 2023 Gce Model Questions Vol1 Financial Accounting examination.
The Sales Ledger Control Account opened with a debit balance of \(80,000\) naira. During the month the following items were recorded: credit sales of \(120,000\) naira, cash receipts from customers of \(70,000\) naira, and sales returns (debits) of \(5,000\) naira. A credit sale of \(3,000\) naira was omitted from the control account but appears correctly in the subsidiary ledger. Determine the corrected balance of the Sales Ledger Control Account at month‑end.
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About This Question
This is Gce Model Questions Vol1 2023 Financial Accounting Question 25. It is one of the objective questions from the 2023 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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