Neco 2017 Financial Accounting Question 18
Practice objective / multiple choice question 18 from the 2017 Neco Financial Accounting examination.
The Purchases Ledger opened with a debit balance of \(\text{\u20A6}45,000\). During the month the following entries were posted: a debit of \(\text{\u20A6}12,000\) for cash purchases, a credit of \(\text{\u20A6}8,000\) for purchase returns, and a credit of \(\text{\u20A6}5,000\) for payments to the supplier. The trial balance, however, shows the Purchases Ledger balance as a credit of \(\text{\u20A6}6,000\). Assuming only one credit entry was omitted, what is the amount of the missing credit entry?
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About This Question
This is Neco 2017 Financial Accounting Question 18. It is one of the objective questions from the 2017 Neco Financial Accounting examination.
Difficulty level: Medium .
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