Use the following information to answer the given question: SALES LEDGER CONTROL ACCOUNTS (begin{array}{c|c} &…

Use the following information to answer the given question: SALES LEDGER CONTROL ACCOUNTS
(begin{array}{c|c} & N & & N \ hline text{Balance b/d} & ? & text{Discount allowed} & 968 \ text{sales} & 21,610 & text{Sales returns} & 942 \ text{Acceptance dishonoured} & 542 & text{cash received from customers} & ? \ & & text{Balance c/d} & 13,740 \ text{Total} & 34,743 & text{Total} & 34,742
end{array})
What is the net sales for the year?
  • A.
    N21,610
  • B.
    N21,068
  • C.
    N20,668
  • D.
    N20,642
  • E.
    N34,742
Correct Answer: Option C
Explanation
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