Gce Model Questions Vol1 2025 Financial Accounting Question 34
Practice objective / multiple choice question 34 from the 2025 Gce Model Questions Vol1 Financial Accounting examination.
The following information is available for ABC Ltd for the year ended 31 December 2025 (figures in £):\n- Opening stock: 45 000\n- Purchases (recorded): 210 000\n- Closing stock: 55 000\n- Sales (recorded cash and credit): 340 000\n- Cash sales recorded: 120 000\n- Credit sales recorded: 210 000\n- Returns outwards (recorded): 5 000\n- Returns inwards (recorded): 8 000\n- Bad debts written off (recorded): 4 000\n\nThe gross profit margin is known to be 30 % of sales. It is suspected that some cash sales and some purchases on credit were not recorded. Determine the amount of unrecorded cash sales and the amount of unrecorded purchases on credit.
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About This Question
This is Gce Model Questions Vol1 2025 Financial Accounting Question 34. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Hard .
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