Neco Model Questions Vol1 2019 Financial Accounting Question 43
Practice objective / multiple choice question 43 from the 2019 Neco Model Questions Vol1 Financial Accounting examination.
A business uses five books of original entry: Sales Journal, Purchases Journal, Cash Receipts Journal, Cash Payments Journal and General Journal. During a month it recorded 45 cash sales, 30 credit sales, 20 cash purchases, 25 credit purchases, 15 cash receipts from debtors, 10 cash payments to creditors and 12 other adjustments. Additionally, 5 of the credit sales were later returned (recorded in a Returns Inwards Journal) and 3 of the cash purchases were for fixed assets and were recorded in a Fixed Assets Journal instead of the Cash Payments Journal. How many total journal entries were recorded across all books of original entry for the month?
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About This Question
This is Neco Model Questions Vol1 2019 Financial Accounting Question 43. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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