Use the information below to answer question Capital.................................N60 000 Bank....................................N12 500 General expenses........................N5 250 Creditors...............................N17...
FINANCIAL
JAMB 2006
Use the information below to answer question
Capital.................................N60 000
Bank....................................N12 500
General expenses........................N5 250
Creditors...............................N17 000
Stock...................................N98 500
Fixed assets............................N42 000
Insurance and rates.....................N18 800
Purchase................................N63 850
What is the cash balance on the debit side if it is the only item omitted?
- A. N6745
- B. N6754
- C. N6475
- D. N6574
Correct Answer: C. N6475
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