Accounts (Principles of Accounts)Control accountsJAMB
Opening debtors ₦60,000; credit sales ₦300,000; cash received from debtors ₦250,000; discounts allowed ₦5,000; returns inwards ₦8,000; bad debts written off ₦2,000. The closing debtors balance is
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Answer: A. ₦95,000
60,000 + 300,000 − 250,000 − 5,000 − 8,000 − 2,000 = ₦95,000.
An AdmitMe practice question, written for the JAMB syllabus. Not an official past question.