Use the following information to answer questions 23 — 24 Given the following:
Debtors as at March 40,000 = N40,000
Creditors as at 1st March = N55,000
Cash received from debtors during the month = N250,000
Cash paid to creditors during the month = N180,000
Debtors as at 31st March = N60,000
Creditors as at 31st March = N35,000