Question 0

Use the information below to answer question .

Purchases ledger opening balances N4,000
Sales ledger opening balances N6,000
Credit purchases during the year N25,000
Discounts allowed N1,000
Returns inwards N2,000
Credit sales during the year N10,000
Returns outwards N6,000

Calculate the sales ledger balance?

  • A.N3,000
  • B.N6,000
  • C.N10,000
  • D.N13,000
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
2001
Question no.
#0
Type
Objective

More from this paper

See all Accounts - Principles of Accounts 2001 questions