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Acquash has sold goods on credit and received N2,200 in cash from debtors. At the...

Accounts - Principles of Accounts
WAEC 1991

Acquash has sold goods on credit and received N2,200 in cash from debtors. At the end of the previous year N500 was owed by customers. The balance outstanding this year is N300. sales for the year amounted to
  • A. N2,300
  • B. N2,200
  • C. N2,000
  • D. N1,800
  • E. N1,700
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Correct Answer: Option D
Explanation
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts