JAMB Principles of Accounts 1999 Question 23

Given:
(₦)
Total cash received from debtors 30,000
Total purchases for the period 21,000
Amount owed by debtors at the beginning of the period 4,000
Equipment bought 2,500
Amount owed by debtors at the end of the period 3,000
Determine the value of sales for the period

1. A.₦29,000
2. B.₦31,500
3. C.₦46,500
4. D.₦50,000