Use the information below to answer questions
Given:
Returns inwards…………N1500
cash…………………..N1550
Discount……………….N2850
Capital………………..N3800
Debtors………………..N900
Sundry…………………N?
The value of sundry expenses is 150% of returns inwards plus 50% of debtors.
A. N2700
B. N2250
C. N1550
D. N2000
Correct Answer:
Option A – N2700
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