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WAEC Accounting 2011 Paper

Question : 40

Total: 47

D D

\begin{aligned} \text{Balance b/d} & 25,180 & \text{Discount allowed} & 1,936 \end{aligned}

\text{Sales} \& 43,220 \& \text{Sales returns} \& 1,884

\begin{aligned}\text{Dishonored cheque} & 542 & \text{Cash received from customers} & xxx\end{aligned}

\text{Balance cd} \quad 5,122

\overline{68,942} \quad \overline{68,942}

the total cash received from customer is

Solution:

Concept:

A sales ledger control account is balanced by making total debits equal to total credits.

Explanation:

Total debit entries are:

25,180 + 43,220 + 542 = 68,942

Known credit entries are:

1,936 + 1,884 + 5,122 = 8,942

Cash received from customers is the balancing figure:

68,942 - 8,942 = 60,000

Answer:

\mathrm{D}60{,}000

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