Neco Model Questions Vol1 2025 Financial Accounting Question 48
Practice objective / multiple choice question 48 from the 2025 Neco Model Questions Vol1 Financial Accounting examination.
The Trade Receivables Control Account for the year ended 31 December 2025 is shown below.\n\nOpening balance (debit): \(\text{₦}30,000\)\nCredit sales during the year: \(\text{₦}120,000\)\nCash received from debtors: \(\text{₦}90,000\)\nWrite‑off of doubtful debts: \(\text{₦}2,000\)\n\nAt year‑end the subsidiary debtor ledger lists the following outstanding balances:\nA - \(\text{₦}20,000\), B - \(\text{₦}15,000\), C - \(\text{₦}13,000\), D - \(\text{₦}10,000\).\n\nWhat balance is shown in the Trade Receivables Control Account at year‑end?
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This is Neco Model Questions Vol1 2025 Financial Accounting Question 48. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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