Given: capital N13,000; office machinery, N9,000; creditors N900, stock of goods N1,550; debtors, N275; cash...
FINANCIAL
JAMB 1997
Given: capital N13,000; office machinery, N9,000; creditors N900, stock of goods N1,550; debtors, N275; cash at bank, N5,075 and loan from Jumbo, N2,000. What is the balance sheet total?
- A. N19,500
- B. N18,500
- C. N17,900
- D. N15,900
Correct Answer: D. N15,900
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