ACCOUNTING

JAMB 2000 - Question 1

Account 2000 JAMB Past Questions - Question 1: On November 1, 1998, Zaria Holdings owed N13,600 in respect of a creditor. On November 15, it purchased goods worth N69, 000 and paid a cheque of N51,600. On November 29, one of the Holdings' cheques worth N3,000 was returned while the creditor granted N1,500 discount. The amount owed by Zaria holdings as at November 29 is

Choose the most appropriate option for the gap .
On November 1, 1998, Zaria Holdings owed N13,600 in respect of a creditor. On November 15, it purchased goods worth N69, 000 and paid a cheque of N51,600. On November 29, one of the Holdings' cheques worth N3,000 was returned while the creditor granted N1,500 discount. The amount owed by Zaria holdings as at November 29 is
A:
B:
C:
D:
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Correct Answer

A

Explanation