Question 11
Cash BookUse the following information to answer questions 11 and 12.
April 11: Sold goods for cash ₦50,000
April 20: Bought goods for cash ₦30,000
April 26: Bought postage stamp ₦5,000
April 28: Cash sales ₦49,000
April 29: Cash purchases ₦11,000
April 30: Paid salaries ₦18,000
Total cash receipts for the period is
- A.₦99,000.
- B.₦64,000.
- C.₦50,000.
- D.₦35,000.
Show the answer and explanation
Answer: A (₦99,000.)
Explanation
50,000 + 49,000 = ₦99,000.