passwella.
Menu

JAMB Principles of Accounts 2000 Question 19

Question 19

Incomplete Records

Given:
Cash book items: (₦)
Paid to suppliers 10,800
Expenses paid 6,900
Drawings made 900
Balances at start 15,750
Balances at end 3,870
Drawings from bank to shop 1720
Determine the receipt from debtors.

  1. A.₦22,470
  2. B.₦17,470
  3. C.₦8,440
  4. D.₦5,000.
Show the answer and explanation

Answer: D (₦5,000.)

Explanation

Total receipts = 3,870 + 10,800 + 6,900 + 900 − 15,750 = 6,720. Of this, 1,720 came from the bank, so receipts from debtors = ₦5,000.