Neco Model Questions Vol1 2025 Financial Accounting Question 9
Practice objective / multiple choice question 9 from the 2025 Neco Model Questions Vol1 Financial Accounting examination.
During one week the following transactions were recorded:\n\n1. Office equipment purchased for cash \(\text{₦}18,000\).\n2. Goods sold on credit to Customer A for \(\text{₦}12,500\) (cost of goods sold \(\text{₦}7,500\)).\n3. Bank loan received of \(\text{₦}25,000\) (interest payable annually).\n4. Wages paid in cash \(\text{₦}4,200\).\n5. Cash discount of \(\text{₦}300\) received on a previous purchase.\n\nIdentify the appropriate book of original entry for each transaction and calculate the total amount that will be posted to the General Ledger from the Sales Journal for the week.
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This is Neco Model Questions Vol1 2025 Financial Accounting Question 9. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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