The beginning and ending accounts receivable balances were N20,000 and N30,000 respectively. The collection from…

Accounts - Principles of Accounts JAMB 2004

The beginning and ending accounts receivable balances were N20,000 and N30,000 respectively.
The collection from customers during the period was N70,000. What was the total sale on account?

  • N20,000
  • N60,000
  • N80,000 checkmark
  • N120,000

The correct answer is: C

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