Home » Accounts (Principles of Accounts) » Use the information below to answer question. Ezekiel Malgwi is a retailer. He recorded sales…

Use the information below to answer question. Ezekiel Malgwi is a retailer. He recorded sales…

Use the information below to answer question.
Ezekiel Malgwi is a retailer. He recorded sales representing 95% cash and 5% credit. He took the total cash sales of N19000 from the business tray and banked it.
The credit sales for the period would be?
  • A.
    N5000
  • B.
    N1900
  • C.
    N1000
  • D.
    N950
Correct Answer: Option C
Explanation