Waec Model Questions Vol1 2025 Financial Accounting Question 42

Practice objective / multiple choice question 42 from the 2025 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2025 Financial Accounting Objective / Multiple Choice Medium Difficulty
Question 42 WAEC_MODEL_QUESTIONS_VOL1 • 2025 • FINANCIAL_ACCOUNTING • objective

A business has a total sales ledger balance of ₦120,000. The control account shows a balance of ₦115,000. After a review, it was found that a sales return of ₦5,000 was not recorded in the sales ledger. What is the correct balance of the sales ledger after accounting for the sales return?

Answer Options

A. ₦125,000
B. ₦110,000
C. ₦120,000
Correct Answer D. ₦115,000
Correct Answer
D
Correct Option:
₦115,000

About This Question

This is Waec Model Questions Vol1 2025 Financial Accounting Question 42. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Medium .

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