Categories: Accounting WAEC

Total cash receipts for the period is?

Use the following information to answer the question below

April 11:Sold goods for cash N50,000
April 20: Bought goods for cash N30,000
April 26: Bought postage stamp N5,000
April 28: Cash sales N49,000
April 29: Cash purchases N11,000
April 30: Paid salaries of N18,000

 

A. N99,000
B. N64,000
C. N50,000
D. N35,000

Correct Answer:

Option A = N99,000

Explanation

cash receipts = 50,000 + 49,000 = 99,000

Sunday

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