Neco 2019 Financial Accounting Question 17
Practice objective / multiple choice question 17 from the 2019 Neco Financial Accounting examination.
A company has three customers with outstanding balances at the beginning of the month: A owes ₦45,000, B owes ₦30,000 and C owes ₦25,000. During the month the following occurred: - Cash receipts of ₦20,000 were received from customer A. - Credit sales of ₦50,000 were made to a new customer D. - A bad‑debt write‑off of ₦5,000 was made against customer B. What should be the balance shown in the Sales Ledger Control Account at month‑end?
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About This Question
This is Neco 2019 Financial Accounting Question 17. It is one of the objective questions from the 2019 Neco Financial Accounting examination.
Difficulty level: Medium .
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