When Your Silence Is Loud..& Your Eyes Speaking Volumes.. Calculate the value of credit sales

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Accounts - Principles of Accounts JAMB 2010

When Your Silence Is Loud..& Your Eyes Speaking Volumes..

Calculate the value of credit sales

  • N484 000
  • N448000 checkmark
  • N584 000
  • N558 000

The correct answer is: B

Explanation

credit sales = 160%  x 280,000 (cash receivable)

\(\frac{160}{100}\) x 280,000

1.6 x 280,000 = 448,000

credit sales = 448,000

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