Use the information below to answer questions Given: Returns inwards............N1500 cash.......................N1550 Discount...................N2850 Capital....................N3800 Debtors....................N900 Sundry.....................N?...
FINANCIAL
JAMB 2007
Use the information below to answer questions
Given:
Returns inwards............N1500
cash.......................N1550
Discount...................N2850
Capital....................N3800
Debtors....................N900
Sundry.....................N?
The value of sundry expenses is 150% of returns inwards plus 50% of debtors.
The total of the trial balance is?
- A. N6600
- B. N6650
- C. N5600
- D. N5900
Correct Answer: B. N6650
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