Discount allowed N2,000;
Bad debts 1,000
Ch...
Discount allowed N2,000;
Bad debts 1,000
Cheque received from customers 24,000
Returns inwards 500;
Sales ledger balance at the beginning 2,000
The amount of sales is
N29,500
N26,000
N25,500
N24,000
Correct answer is B
Sales = Sales ledger balance at the beginning + Cheque received from customers
2000 + 24000 = 26,000
.........................31 Dec. 05........31 Dec. 06 Total fixed assets.........N7 800.............
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