Use the information below to answer questions Given: Returns inwards............N1500 cash.......................N1550 Discount...................N2850 Capital....................N3800 Debtors....................N900 Sundry.....................N?...
FINANCIAL
JAMB 2007
Use the information below to answer questions
Given:
Returns inwards............N1500
cash.......................N1550
Discount...................N2850
Capital....................N3800
Debtors....................N900
Sundry.....................N?
The value of sundry expenses is 150% of returns inwards plus 50% of debtors.
How much is sundry expenses?
- A. N2700
- B. N2250
- C. N1550
- D. N2000
Correct Answer: A. N2700
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