\(\begin{array}{c|c} & N \\ \text{Debtors (1/1/98)} &...
Use the following information to answer the given question
NDebtors (1/1/98)2,000Debtors (31/12/98)1,250Cash received from debtors6,000Bad debt written off750 Discount allowed500Discount received125
What was the amount of sales for the year?
N8,500
N6,625
N6,500
N6,000
Correct answer is C
No explanation has been provided for this answer.
Goods bought from Sanmah for Le1,600 was entered into Shamail's Account. This is an error o...
The major advantage of an imprest system is that it ...
The balance the provision for depreciation account is shown in the ...
Where a business is purchased, the full amount of the purchase consideration is credited to ...
An item that would be classified as preliminary expenses in a company's account is ...
Zahki Plc balance sheet (extract) as at 31st December 1997. ...
The major function of accounting bodies in Nigeria is to? ...