Waec Model Questions Vol1 2021 Financial Accounting Question 43
Practice objective / multiple choice question 43 from the 2021 Waec Model Questions Vol1 Financial Accounting examination.
The Trade Receivables Control Account of DEF Partnership shows an opening balance of ₦120,000. During the year, credit sales amounted to ₦350,000, cash receipts from customers were ₦300,000 and bad‑debt write‑offs were ₦10,000. The control account balance at year‑end is ₦115,000. The subsidiary ledger of three major customers records outstanding balances of ₦50,000 (Customer A), ₦45,000 (Customer B) and ₦30,000 (Customer C). Assuming the only discrepancy is an unrecorded credit sale to a fourth customer, determine the amount of that missing credit sale.
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About This Question
This is Waec Model Questions Vol1 2021 Financial Accounting Question 43. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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