Neco Model Questions Vol1 2019 Financial Accounting Question 29
Practice objective / multiple choice question 29 from the 2019 Neco Model Questions Vol1 Financial Accounting examination.
A debtor's ledger shows an opening balance of \(\text{N}60,000\). During the year credit sales to this debtor amounted to \(\text{N}200,000\) and cash receipts from the debtor were \(\text{N}180,000\). At year‑end the company must provide for doubtful debts equal to 5% of the closing debtor balance. Determine the amount of debtors to be shown in the balance sheet after the provision is made.
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About This Question
This is Neco Model Questions Vol1 2019 Financial Accounting Question 29. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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