JAMB - Accounts Principles Of Accounts (2024 - No. 72)

	#	#
Debtors	2000	6000
Stock	1000	1300
Discount allowed	500
Cash received from debtors	10000

Sales for the year is

#14,000

#10,500

#14,500

#16,500

Explanation

Sales for the year = 10,000 +60000 - 2000 = #14,000
Note that: the question is not asking to prepare a sales ledger but rather, the figure of sales only.

JAMB - Accounts Principles Of Accounts (2024 - No. 72)

Explanation

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