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Use the following information to answer question below April 11:Sold goods for cash N50,000  April...

Accounts - Principles of Accounts
WAEC 2019

Use the following information to answer question below

April 11:Sold goods for cash N50,000 
April 20: Bought goods for cash N30,000
April 26: Bought postage stamp N5,000 
April 28: Cash sales N49,000
April 29: Cash purchases N11,000 
April 30: Paid salaries N18,000 

Total cash receipts for the period is 

  • A. N99,000
  • B. N64,000
  • C. N50,000
  • D. N35,000
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Correct Answer: Option A
Explanation

cash receipts = 50,000 + 49,000 = 99,000

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