Neco 2025 Financial Accounting Question 28
Practice objective / multiple choice question 28 from the 2025 Neco Financial Accounting examination.
The trade receivables control account of XYZ Ltd shows a debit balance of \(N230,000\) at year‑end. The opening balance was \(N150,000\) (debit). During the year credit sales were \(N720,000\). Cash receipts from customers amounted to \(N600,000\). Sales returns recorded were \(N20,000\) and discounts allowed were \(N5,000\). Determine the amount of bad‑debts expense that must be written off during the year.
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About This Question
This is Neco 2025 Financial Accounting Question 28. It is one of the objective questions from the 2025 Neco Financial Accounting examination.
Difficulty level: Medium .
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