Waec Model Questions Vol1 2020 Financial Accounting Question 26
Practice objective / multiple choice question 26 from the 2020 Waec Model Questions Vol1 Financial Accounting examination.
The Sales Ledger Control account opened with a debit balance of ₦200,000. The total of all individual debtor balances at period end is ₦1,250,000. Five credit notes have been issued but not yet posted, each averaging ₦12,000. Cash receipts of ₦180,000 have been received but not yet posted to the sales ledger. Sales returns of ₦45,000 have been recorded in the sales ledger but not yet posted to the control account. What is the debit balance of the Sales Ledger Control account after all adjustments?
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About This Question
This is Waec Model Questions Vol1 2020 Financial Accounting Question 26. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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