Given: ................Cash Book........................ Capital..........N6 500........purchases.....N12 250 Sales............N30 000........Rent..........N9 100 ................................Motor vehicle.N2 400 Find the bank...

FINANCIAL
JAMB 2008

Given:

................Cash Book........................

Capital..........N6 500........purchases.....N12 250

Sales............N30 000........Rent..........N9 100

................................Motor vehicle.N2 400

Find the bank balance?

  • A. N71 250 credit
  • B. N71 250 debit
  • C. N95 000 credit
  • D. N95 000 debit

Correct Answer: A. N71 250 credit



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