Neco Model Questions Vol1 2022 Financial Accounting Question 22
Practice objective / multiple choice question 22 from the 2022 Neco Model Questions Vol1 Financial Accounting examination.
The Purchases Returns Control account carries a balance of \(18,000\) on 31 December. The subsidiary ledger of purchase returns lists three suppliers with balances \(5,000\), \(7,000\) and \(6,500\). A posting error omitted a return of \(1,500\) to Supplier B. Determine the corrected balance of the Purchases Returns Control account.
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About This Question
This is Neco Model Questions Vol1 2022 Financial Accounting Question 22. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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