Gce Model Questions Vol1 2023 Financial Accounting Question 31
Practice objective / multiple choice question 31 from the 2023 Gce Model Questions Vol1 Financial Accounting examination.
The Trade Receivables Control Account had an opening balance of \(£12,000\). During the year, total credit sales were \(£45,000\), cash receipts from debtors amounted to \(£38,500\), trade discounts allowed were \(£1,200\) and sales returns were \(£2,500\). At year‑end the subsidiary ledger shows that Debtor A owes \(£1,800\) and Debtor B owes \(£2,200\). What is the balance shown in the Trade Receivables Control Account at year‑end?
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About This Question
This is Gce Model Questions Vol1 2023 Financial Accounting Question 31. It is one of the objective questions from the 2023 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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