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Accounts - Principles of Accounts
JAMB 2020

                                                ₦
Bank account                       59,410
Capital account                    50,000
Purchases account              20,000
Rent                                       2,500
Stationery                                   90
Typewriter                              6,500
Sales                                    38,500

In preparing a trial balance from the list of balances given above, what is the total in debit and credit columns?

  • A. ₦I38,500
  • B. ₦147,910
  • C. ₦85,800
  • D. ₦88,500
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Correct Answer: Option D
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now