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Debtors on 1st January was ₦1,490 and sales for the year was ₦5,760. Cash re...


Question

Debtors on 1st January was ₦1,490 and sales for the year was ₦5,760. Cash received from debtors during the year was ₦5,410. Bad debt written off was ₦410. Discount allowed amounted to ₦320. What was the debtors' balance at the end of the year?

Options

A) ₦1,110

B) ₦1,430

C) ₦1,520

D) ₦1,750

E) ₦2,980

The correct answer is A.


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