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Use the following information to answer the question The following transactions were recorded in the...

Accounts - Principles of Accounts
JAMB 2025

Use the following information to answer the question

The following transactions were recorded in the cash book of Ibusah for the month of February 2019:

The total income for the month is

  • A. D 478,300
  • B. D 278,000.
  • C. D 154,800
  • D. D 180, 000
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Correct Answer: Option B
Explanation

Total income for the month = Commission received (D 180,000) + Receipts from Ojah (D 98,000) = D 278,000.

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