Waec Model Questions Vol1 2023 Financial Accounting Question 45
Practice objective / multiple choice question 45 from the 2023 Waec Model Questions Vol1 Financial Accounting examination.
The Sales Ledger Control Account for the year records an opening balance of ₦0, credit sales of ₦120,000, cash receipts from customers of ₦85,000, and a closing debit balance of ₦10,000. The amount of sales returns recorded in the control account is not shown. The detailed sales ledger (individual customer balances) after adjusting for returns shows total trade receivables of ₦30,000. Determine the amount of sales returns that were omitted from the Sales Ledger Control Account.
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About This Question
This is Waec Model Questions Vol1 2023 Financial Accounting Question 45. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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