Waec Model Questions Vol1 2022 Financial Accounting Question 44
Practice objective / multiple choice question 44 from the 2022 Waec Model Questions Vol1 Financial Accounting examination.
The Cash ledger of DEF Co. shows the following transactions for the year: - Opening cash balance (debit): ₦50,000 - Cash sales: ₦120,000 - Cash received from debtors: ₦60,000 - Cash purchases: ₦80,000 - Cash paid to creditors: ₦70,000 Determine the closing cash balance and state whether it is a debit or credit balance.
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About This Question
This is Waec Model Questions Vol1 2022 Financial Accounting Question 44. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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