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JAMB Accounting 2010 Objective — Question 22

Question 22 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2010 Objective paper, with the correct answer and a full explanation.

22. Calculate the value of credit sales. A. 558,000 B. 234,000 C. 448,000 D. 584,000

A. 558,000
B. 234,000
C. 448,000Correct
D. 584,000

Explanation

Credit sales = 160% x N280,000 (cash received) = N448,000.

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