The Current account above had some errors in the arrangement of the accounts for Musa,…

Accounts - Principles of Accounts JAMB 1997

The Current account above had some errors in the arrangement of the accounts for Musa, Kalu and Lawal

The Correct closing balance for Musa’s current account is

  • N36 000 Credit
  • N16 600 credit checkmark
  • N16 600 debit
  • N1 800 credit

The correct answer is: B

Explanation

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