Accounts (Principles of Accounts)Control accountsJAMB
Opening debtors ₦40,000; credit sales ₦120,000; cash received ₦100,000; discount allowed ₦2,000; bad debts ₦3,000. Closing debtors are
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Answer: C. ₦55,000
40 + 120 − 100 − 2 − 3 (thousand).
An AdmitMe practice question, written for the JAMB syllabus. Not an official past question.