Neco 2017 Financial Accounting Question 19
Practice objective / multiple choice question 19 from the 2017 Neco Financial Accounting examination.
At month‑end the Sales Ledger Control Account carries a debit balance of \(\text{\u20A6}120,000\). The subsidiary customer balances are: A - \(\text{\u20A6}45,000\), B - \(\text{\u20A6}30,000\), C - \(\text{\u20A6}25,000\), D - \(\text{\u20A6}20,000\). During the month a credit note of \(\text{\u20A6}12,000\) was issued to Customer B and a cash receipt of \(\text{\u20A6}15,000\) from Customer C was received, but neither was posted to the control account. After posting these items, what should be the corrected debit balance of the Sales Ledger Control Account?
Answer Options
About This Question
This is Neco 2017 Financial Accounting Question 19. It is one of the objective questions from the 2017 Neco Financial Accounting examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.