| # | # | |
|
Debtors |
2000 | 6000 |
|
Stock |
1000 | 1300 |
|
Discount allowed |
500 | |
|
Cash received from debtors |
10000 |
Sales for the year is
-
#14,000
- #10,500
- #14,500
- #16,500
The correct answer is: A
Explanation
Sales for the year = 10,000 +60000 - 2000 = #14,000
Note that: the question is not asking to prepare a sales ledger but rather, the figure of sales only.