Use the following information to answer the given question
| #Â | |
| Debtors (1/1/98) | 2,000 |
| Â Debtors (31/12/98) | 1,250 |
| Cash received from debtors | 6,000 |
| Â Bad debt written off | 750 |
| Discount allowed | 500 |
| Â Discount received | 125 |
A. N6,000
B. N3,250
C. N2,000
D. N1,250
Correct Answer:
Option D – N1,250
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