Neco 2021 Financial Accounting Question 28
Practice objective / multiple choice question 28 from the 2021 Neco Financial Accounting examination.
The Sales Ledger Control Account had an opening debit balance of \u20A6 200,000. During the year the following transactions were recorded:\n\n- Credit sales: \u20A6 1,200,000\n- Cash received from debtors: \u20A6 950,000\n- Bad‑debt write‑offs: \u20A6 30,000\n\nAt year‑end the control account shows a credit balance of \u20A6 20,000. Calculate the correct debit balance of trade receivables that should appear in the trial balance.
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About This Question
This is Neco 2021 Financial Accounting Question 28. It is one of the objective questions from the 2021 Neco Financial Accounting examination.
Difficulty level: Medium .
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