Waec Model Questions Vol1 2018 Financial Accounting Question 38
Practice objective / multiple choice question 38 from the 2018 Waec Model Questions Vol1 Financial Accounting examination.
The Trade Receivables Control account shows an opening debit balance of ₦120,000. During the month the following entries were posted: Credit sales of ₦350,000, cash receipts from customers of ₦300,000, and sales returns of ₦10,000 (recorded in the subsidiary ledger but not yet posted to the control account). The subsidiary ledger lists three customers: Customer A - ₦45,000 (before the return), Customer B - ₦30,000, and Customer C - ?. After all entries are posted, what is the amount owed by Customer C?
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About This Question
This is Waec Model Questions Vol1 2018 Financial Accounting Question 38. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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