Use the information below to answer question Capital.................................N60 000 Bank....................................N12 500 General expenses........................N5 250 Creditors...............................N17...

JAMB 2006

Use the information below to answer question

Capital.................................N60 000
Bank....................................N12 500
General expenses........................N5 250
Creditors...............................N17 000
Stock...................................N98 500
Fixed assets............................N42 000
Insurance and rates.....................N18 800
Purchase................................N63 850

Determine the total of the trial balance?

A. N123 325
B. N160 050
C. N166 525
D. N326 575

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Correct Answer: Option C

Explanation

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