Accounts - Principles of Accounts
JAMB 2009
Given:
Capital...............................N2375 000
Debtors...............................N495 000
Motor vehicle.........................N870 000
Creditors.............................N245 000
Prepayment............................N500 000
Bills receivable......................N505 000
Furniture.............................N150 000
What is the total debit for the trial balance?
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A.
N4 690 000
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B.
N2 620 000
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C.
N2 520 000
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D.
N1 565 000
Correct Answer: Option C
Explanation
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