Neco 2025 Financial Accounting Question 50
Practice objective / multiple choice question 50 from the 2025 Neco Financial Accounting examination.
The Sales Ledger Control Account shows total credit sales of \(\)₦1,200,000 for the year. Receipts recorded from customers are: A \(\)₦200,000, B \(\)₦150,000, C \(\)₦180,000, D \(\)₦210,000. A credit note of \(\)₦30,000 was issued to customer B. The control account balance at year‑end is shown as \(\)₦435,000. Assuming the opening balance was zero, identify which customer's receipt has been understated and by how much.
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About This Question
This is Neco 2025 Financial Accounting Question 50. It is one of the objective questions from the 2025 Neco Financial Accounting examination.
Difficulty level: Medium .
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