Neco 2020 Financial Accounting Question 8
Practice objective / multiple choice question 8 from the 2020 Neco Financial Accounting examination.
The sales ledger control account opened with a credit balance of \(250,000\) naira. During the year, credit sales amounted to \(1,800,000\) naira and cash received from customers was \(1,200,000\) naira. At year‑end the control account shows a debit balance of \(150,000\) naira. Determine the amount of sales returns recorded during the year.
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About This Question
This is Neco 2020 Financial Accounting Question 8. It is one of the objective questions from the 2020 Neco Financial Accounting examination.
Difficulty level: Medium .
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