Neco Model Questions Vol1 2020 Financial Accounting Question 13
Practice objective / multiple choice question 13 from the 2020 Neco Model Questions Vol1 Financial Accounting examination.
The Trade Receivables Control Account of ABC Co. shows an opening debit balance of \(45,000\). During the year, credit sales amounted to \(120,000\), cash received from customers was \(110,000\) and write‑offs of doubtful debts were \(5,000\). The closing debit balance shown in the control account is \(50,000\). The subsidiary ledger of customers A, B and C totals \(48,000\). What amount is owed by the remaining customer D that reconciles the subsidiary ledger with the control account?
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About This Question
This is Neco Model Questions Vol1 2020 Financial Accounting Question 13. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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