The beginning and ending accounts receivable balances were N20,000 and N30,000 respectively. The collection from...

JAMB 2004

The beginning and ending accounts receivable balances were N20,000 and N30,000 respectively.
The collection from customers during the period was N70,000. What was the total sale on account?

A. N20,000
B. N60,000
C. N80,000
D. N120,000

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Correct Answer: Option C

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