Neco 2024 Financial Accounting Question 50
Practice objective / multiple choice question 50 from the 2024 Neco Financial Accounting examination.
In a month, the total debit amount recorded in the journal is ₦1,200,000 and the total credit amount is also ₦1,200,000. The average debit amount for regular entries is ₦5,000, while for cash‑receipt entries the debit amount is double the regular average. If cash‑receipt entries constitute \(20\%\) of all journal entries, how many journal entries were recorded in total during the month?
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About This Question
This is Neco 2024 Financial Accounting Question 50. It is one of the objective questions from the 2024 Neco Financial Accounting examination.
Difficulty level: Medium .
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