Accounting JAMB

The beginning and ending accounts receivable balances were N20000 and N30000 respectively. The collection from customers during the period was N70000. What was the total sale on account?
The beginning and ending accounts receivable balances were N20000 and N30000 respectively. The collection from customers during the period was N70000. What was the total sale on account?The beginning and ending accounts receivable balances were N20000 and N30000 respectively. The collection from customers during the period was N70000. What was the total sale on account?

A. N20,000
B. N60,000
C. N80,000
D. N120,000

Correct Answer:

Option C – N80,000

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