Neco 2020 Financial Accounting Question 48

The trial balance of XYZ Ltd as at 31 December 2020 shows the following balances (all amounts in \(\text{₦}\)): Dr - Cash \(\text{₦}120,000\); Dr - Accounts Receivable \(\text{?}\); Dr - Inventory \(\text{₦}80,000\); Dr - Equipment \(\text{₦}250,000\); Cr - Accumulated Depreciation \(\text{₦}70,000\); Cr - Accounts Payable \(\text{₦}90,000\); Cr - Capital \(\text{₦}300,000\); Cr - Sales Revenue \(\text{₦}500,000\); Dr - Purchases \(\text{₦}200,000\); Dr - Salaries Expense \(\text{₦}60,000\); Dr - Rent Expense \(\text{₦}30,000\); Dr - Miscellaneous Expense \(\text{₦}10,000\). The total of the debit column must equal the total of the credit column. Find the missing amount for Accounts Receivable.