On November 1, 1998, Zaria Holdings owed N13,600 in respect of a creditor. On November 15, it purchases goods worth N69,000 and paid a cheque of N51,600. On November 29, one of the Holdings' cheques worth N3,000 was returned while the creditor granted a N1,500 discount. The amount owed by Zaria Holdings as at November 29 is?

stephsoft

2 years ago

me no know the answer o

mhitunji

2 years ago

better explaination
zaria holding owes 13,600
goods being purchased 69,000
payment made by z\h 51,600
rejected payment 3,000
discount allowed 1,500
solution
goods purchased worth. 69,000

discount on purchased (1,500)
exact worth of good 67,500

payment made by cheque 51,600
payment rejected (3,000)
exact amount paid 48,600
exact worth of good- exact amount paid= current owing ; 67,500-48,600=18,900

z\h old debt + current debt = total debt
13,600+18,900=32,500

Zeemahbee

2 years ago

The correct answer is A
Recalculate and check

Gbenupo

5 years ago

The answer is option B

Mngu

2 years ago

under which topic please