Accounts - Principles of Accounts
JAMB 2000
Yahuza Enterpises
Trial Balance (Extracts) as at Dec. 31, 1998.
Capital
Premises 90,000 21,000
Debtors 35,000
Provisions 1/1/98:
Depreciation 9,000
Bad and doubtful 1,500
If premises is to be depreciated at 10% on cost and a 5% provision is to be allowed on debtors, the total asset in the balance sheet is
-
A.
N 125, 000
-
B.
N114,500
-
C.
N105,500
-
D.
N105,250
Correct Answer: Option D
Explanation
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