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Abu, a debtor to Dania, owed ₦10,500 at the start of the month. He paid cash o...


Question

Abu, a debtor to Dania, owed ₦10,500 at the start of the month. He paid cash of ₦40,005 during the month and received additional credit sales of ₦20,000.Using the information, Abu's balance at the end of the month is

Options

A) ₦30,505 cr.

B) ₦9,505 cr.

C) ₦9,505 dr.

D) ₦30,500 dr.

The correct answer is A.


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