Given: ₦ Total debtors b/d 31/12/99 25,000 Cheques received from debtors 255,000 Total debtors c/d 31/12/00 15,000 Calculate the sales figure

Assessment: JAMB UTME - Principles of Accounts - 2021 Subject: Financial Accounting

Question 1 Report

Given:

₦
Total debtors b/d 31/12/99 25,000
Cheques received from debtors 255,000
Total debtors c/d 31/12/00 15,000

Calculate the sales figure

Answer Details
To calculate the sales figure, we need to determine the amount that was received from the debtors. We can do this by subtracting the total debtors b/d 31/12/99 from the total debtors c/d 31/12/00 and adding the cheques received from debtors. ((15,000 - 25,000) + 255,000) = 245,000 So, the sales figure is ₦245,000.

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