Given: ................Cash Book........................ Capital..........N6 500........purchases.....N12 250 Sales............N30 000........Rent..........N9 100 ................................Motor vehicle.N2 400 Find the bank...

JAMB 2008

Given:

................Cash Book........................

Capital..........N6 500........purchases.....N12 250
Sales............N30 000........Rent..........N9 100
................................Motor vehicle.N2 400

Find the bank balance?

A. N71 250 credit
B. N71 250 debit
C. N95 000 credit
D. N95 000 debit

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Correct Answer: Option A

Explanation

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