Question 8

Use the following information to answer the given question
\(\begin{array}{c|c} & N \\ \hline \text{Debtors (1/1/98)} & 2,000 \\ \text{Debtors (31/12/98)} & 1,250 \\ \text{Cash received from debtors} & 6,000 \\ \text{Bad debt written off} & 750 \\ \text{Discount allowed} & 500 \\ \text{Discount received} & 125\end{array}\)
The debtors balance to be shown in the Balance Sheet at 31st December, 1998 is

  • A.N6,000
  • B.N3,250
  • C.N2,000
  • D.N1,250
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
1999
Question no.
#8
Type
Objective

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