The cash in the till at the beginning and end of the year was N300 and N400 respectively.  What were the sales for the year?

P is a sole proprietor whose accounting records are incomplete. All the sales are cash sales and during the year N50,000 was banked, including N5,000 from the sale of a business car. He paidN12,000 wages in cash from the till and withdrew N2,000 per month as drawings. The cash in the till at the beginning and end of the year was N300 and N400 respectively.  What were the sales for the year?
N80900
N81000
N81100
N86100

Leave a Reply

MEET OVER 2000 NOUN STUDENTS HERE. 

Join us for latest NOUN UPDATES and Free TMA answers posted by students on our Telegram. 

OUR ONLINE TUTORIAL CLASS IS NOW ON!!! JOIN US NOW. 
JOIN NOW!
close-link