Neco Model Questions Vol1 2021 Financial Accounting Question 18
Practice objective / multiple choice question 18 from the 2021 Neco Model Questions Vol1 Financial Accounting examination.
The Sales Control Account of ABC Traders shows a credit balance of \(\text{₦}250,000\) at the end of the period. The subsidiary sales ledger records total sales of \(\text{₦}260,000\), sales returns of \(\text{₦}12,000\) and sales allowances of \(\text{₦}8,000\). Assuming all other entries are correctly posted, determine the amount of sales that has been omitted from the subsidiary ledger.
Answer Options
About This Question
This is Neco Model Questions Vol1 2021 Financial Accounting Question 18. It is one of the objective questions from the 2021 Neco Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.