Accounts - Principles of Accounts
JAMB 2001
Use the information below to answer question.
Given:
Fixed assets N85,600
Sales N197,000
Stock N34,300
Salaries N37,000
Purchases N127,700
Share capital N120,000
Creditors N16, 050
Motor expenses N10,500
Debtors N25,000
Determine the total of the trial balance?
-
A.
N335,050
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B.
N333,050
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C.
N323,050
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D.
N230,550
Correct Answer: Option B
Explanation
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