Waec Model Questions Vol1 2017 Financial Accounting Question 42
Practice objective / multiple choice question 42 from the 2017 Waec Model Questions Vol1 Financial Accounting examination.
During the month the following transactions with Supplier A were recorded: (i) Goods purchased on credit ₦120,000, (ii) Returned defective goods worth ₦8,000, (iii) Paid cash ₦50,000 to Supplier A, (iv) Received a credit note for ₦5,000. Assuming the Purchases Ledger for Supplier A started with a zero balance, what is the balance shown in Supplier A's account at the end of the month?
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About This Question
This is Waec Model Questions Vol1 2017 Financial Accounting Question 42. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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