Use the following information to answer the given question
# | |
Debtors (1/1/98) | 2,000 |
Debtors (31/12/98) | 1,250 |
Cash received from debtors | 6,000 |
Bad debt written off | 750 |
Discount allowed | 500 |
Discount received | 125 |
A. N3,375
B. N2,625
C. N2,000
D. N1,875
Correct Answer:
Option D – N1,875