Neco Model Questions Vol1 2024 Financial Accounting Question 48
Practice objective / multiple choice question 48 from the 2024 Neco Model Questions Vol1 Financial Accounting examination.
A company's trade receivables control account had an opening balance of \(\text{₦}30,000\). During the year the following transactions were recorded: cash received from Customer A \(\text{₦}12,000\), from Customer B \(\text{₦}9,000\), from Customer C \(\text{₦}6,000\); sales returns from A \(\text{₦}2,000\) and from B \(\text{₦}1,000\); and a write‑off of doubtful debt of \(\text{₦}3,000\) (from Customer C). At year‑end the control account shows a balance of \(\text{₦}25,000\). Determine the total credit sales made during the year.
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About This Question
This is Neco Model Questions Vol1 2024 Financial Accounting Question 48. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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