Neco 2022 Financial Accounting Question 15
Practice objective / multiple choice question 15 from the 2022 Neco Financial Accounting examination.
A trial balance shows total debits of \\(1,250,000\\) Naira and total credits of \\(1,240,000\\) Naira. It is discovered that a sales return of \\(10,000\\) Naira was recorded as a debit to Sales Returns but the corresponding credit to Sales Revenue was omitted. After correcting this error, what will be the new totals of debits and credits in the trial balance?
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About This Question
This is Neco 2022 Financial Accounting Question 15. It is one of the objective questions from the 2022 Neco Financial Accounting examination.
Difficulty level: Medium .
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