passwella.
Menu

WAEC Financial Accounting 2011 Question 42

Question 42

Control Accounts

Use the following information to answer questions 41 and 42.
Ogogo's Sales Ledger Control Account
Dr: Balance b/d D25,180; Sales D43,220; Dishonoured cheque D542; total D68,942
Cr: Discounts allowed D1,936; Sales returns D1,884; Cash received from customers xxx; Balance c/d D5,122; total D68,942

The total cash received from customers is

  1. A.D63,942
  2. B.D60,000
  3. C.D43,220
  4. D.D41,336
Show the answer and explanation

Answer: B (D60,000)

Explanation

68,942 − 1,936 − 1,884 − 5,122 = D60,000.