Accounts - Principles of Accounts
JAMB 2016
Use the information below to answer the question that follows
\(\begin{array}{c|c}
Creditors & 3,000 & 4,000 \\
\hline
Debtors & ___ & 6,000 \\
\hline
\text{Cash received from debtors} & ___ & 35,000 \\
\hline
\text{cash paid to suppliers} & ____ & 25,000 \\
\hline
\text{Discount allowed} & _____ & 4,000 \\
\hline
\text{Discount received} & _____ & 4,200 \\
\end{array}\)
What is the total sales for the period?
-
A.
N37,000
-
B.
N36,000
-
C.
N35,000
-
D.
N40,500
Correct Answer: Option C
Explanation
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