Home » Past Questions » Accounts » Use the information below to answer questionCapital................................

Use the information below to answer questionCapital................................


Question

Use the information below to answer question

Capital.................................₦60 000

Bank....................................₦12 500

General expenses........................₦5 250

Creditors...............................₦17 000

Stock...................................₦98 500

Fixed assets............................₦42 000

Insurance and rates.....................₦18 800

Purchase................................₦63 850

Determine the total of the trial balance?

Options

A)
₦123 325
B)
₦160 050
C)
₦166 525
D)
₦326 575

The correct answer is C.


More Past Questions:


Discussion