Given:
Total debtors b/d 31/12/99……………N25 000
Cheques received from debtors ………..N255 000
Total debtors c/d 31/12/00……………N15 000
A. N295 000
B. N265 000
C. N245 000
D. N215 000
Correct Answer:
Option C – N245 000
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