Neco Model Questions Vol1 2023 Financial Accounting Question 22
Practice objective / multiple choice question 22 from the 2023 Neco Model Questions Vol1 Financial Accounting examination.
The single‑column cash book of XYZ Co. shows the following entries (all amounts in Naira):\n\nOpening balance (debit): 40,000\n\nReceipts:\n- Cash sales: ?\n- Received from debtors: 120,000\n- Loan received: 80,000\n\nPayments:\n- Purchases paid: 150,000\n- Rent paid: 30,000\n- Salaries paid: 45,000\n- Interest paid: 5,000\n\nClosing balance (debit): 30,000\n\nThe cash book balances. Find the amount of cash sales.
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About This Question
This is Neco Model Questions Vol1 2023 Financial Accounting Question 22. It is one of the objective questions from the 2023 Neco Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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