Use the following information to answer question below

April 11:Sold goods for cash N50,000

April 20: Bought goods for cash N30,000

April 26: Bought postage stamp N5,000

April 28: Cash sales N49,000

April 29: Cash purchases N11,000

April 30: Paid salaries N18,000

Total cash receipts for the period is

  • A N99,000
  • B N64,000
  • C N50,000
  • D N35,000

The correct answer is A. N99,000

cash receipts = 50,000 + 49,000 = 99,000

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