Waec Model Questions Vol1 2021 Financial Accounting Question 40
Practice objective / multiple choice question 40 from the 2021 Waec Model Questions Vol1 Financial Accounting examination.
The purchases journal for March recorded the following transactions:\n1. 1st March - Cash purchase of inventory ₦45,000.\n2. 5th March - Credit purchase of inventory ₦60,000.\n3. 12th March - Return to supplier ₦8,000.\n4. 20th March - Discount received on the credit purchase ₦2,000.\nWhat is the total amount that should appear in the credit column of the purchases journal for the month?
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About This Question
This is Waec Model Questions Vol1 2021 Financial Accounting Question 40. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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