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

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d

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Discussions (2)

Mictemab
11 years ago

yes 'D' is d correct answer

MLAWAL01
6 years ago

BALANCE SHEET
DEBIT ASSET CREDIT LIABILITIES
capital N13,000
office machinery N9,000 creditors N900
stock of goods N1,550 loan from Jumbo N2,000.
debtors N275
cash at bank N5,075 .
15,900 15,900

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