Neco 2023 Financial Accounting Question 34
Practice objective / multiple choice question 34 from the 2023 Neco Financial Accounting examination.
During a day, XYZ Ltd received cash as follows: cash sales ₦120,000; collection from a debtor previously sold on credit ₦45,000; repayment of a bank loan ₦30,000; interest received on the loan ₦1,500. Indicate the amount that should be posted to the Sales Journal and the amount that should be posted to the Cash Receipts Journal.
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About This Question
This is Neco 2023 Financial Accounting Question 34. It is one of the objective questions from the 2023 Neco Financial Accounting examination.
Difficulty level: Medium .
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