Accounting JAMB

The credit sales for the period would be?

Ezekiel Malgwi is a retailer. He recorded sales representing 95% cash and 5% credit. He took the total cash sales of N19000 from the business tray and banked it.

A. N5000
B. N1900
C. N1000
D. N950

Correct Answer:

Option C – N1000

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