Accounting JAMB

Determine the receipt from debtors?

Given:

cash book item:
Paid to suppliers N10,800
Expenses paid N6,900
Drawings made N900
Balances at start N15,750
Balances at end N3,870
Drawings from bank to shop N1,720

A. N22,470
B. N17,470
C. N8,440
D. N5,000

Correct Answer:

Option D – N5,000

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