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?

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

jamb 2003 accounting

The correct answer is C. N1000

No explanation given

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