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WAEC Accounting 2020 Paper
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© africaexams.com
Question : 37
Total: 40
Discount allowed N2,000;
Bad debts 1,000
Cheque received from customers 24,000
Returns inwards 500;
Sales ledger balance at the beginning 2.000
N29,500
N26,000
N25,500
24,000
Validate
Solution:
Sales = Sales ledger balance at the beginning + Cheque received from customers
2000 + 24000 = 26,000
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