Neco Model Questions Vol1 2017 Financial Accounting Question 32
Practice objective / multiple choice question 32 from the 2017 Neco Model Questions Vol1 Financial Accounting examination.
A trial balance shows total debits of (1250000) and total credits of (1200000). It is later discovered that a purchase entry was recorded as a debit of (45000) instead of the correct (54000), and a sales return of (12000) credit was omitted. After making these corrections, what should be the total credit balance to bring the trial balance into agreement?
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About This Question
This is Neco Model Questions Vol1 2017 Financial Accounting Question 32. It is one of the objective questions from the 2017 Neco Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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