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  # # Debtors  2000 6000 Stock 1000 1300 Discount allowed 500   Cash received...

Accounts - Principles of Accounts
JAMB 2024
  # #

Debtors 

 2000 6000

Stock

 1000 1300

Discount allowed

 500  

Cash received from debtors 

 10000  

Sales for the year is

 

  • A. #14,000
  • B. #10,500
  • C. #14,500
  • D. #16,500
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Correct Answer: Option A
Explanation

Sales for the year = 10,000 +60000 - 2000 = #14,000 
Note that: the question is not asking to prepare a sales ledger but rather, the figure of sales only. 
 

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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
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now