Use the information below to answer questions Given: Returns inwards…………N1500 cash…………………..N1550 Discount……………….N2850 Capital………………..N3800 Debtors………………..N900 Sundry…………………N?…

Accounts - Principles of Accounts JAMB 2007

Use the information below to answer questions

Given:
Returns inwards…………N1500
cash…………………..N1550
Discount……………….N2850
Capital………………..N3800
Debtors………………..N900
Sundry…………………N?
The value of sundry expenses is 150% of returns inwards plus 50% of debtors.

How much is sundry expenses?

  • N2700 checkmark
  • N2250
  • N1550
  • N2000

The correct answer is: A

Explanation

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