Neco 2024 Financial Accounting Question 32
Practice objective / multiple choice question 32 from the 2024 Neco Financial Accounting examination.
A trade receivables ledger shows an opening debit balance of \(25,000\). During the year credit sales of \(60,000\) were recorded, sales returns of \(5,000\) were debited, and cash received from debtors amounted to \(40,000\). At year‑end a provision for doubtful debts equal to 2 % of the closing receivables is created. Calculate the net receivables shown in the ledger after the provision.
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About This Question
This is Neco 2024 Financial Accounting Question 32. It is one of the objective questions from the 2024 Neco Financial Accounting examination.
Difficulty level: Medium .
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