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Calculate the value of credit sales

  • A N484 000
  • B N448000
  • C N584 000
  • D N558 000
jamb 2010accounting

The correct answer is B. N448000

credit sales = 160%  x 280,000 (cash receivable)

\(\frac{160}{100}\) x 280,000

1.6 x 280,000 = 448,000

credit sales = 448,000

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