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

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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 lawal’s current account is

  • N21 100 debit
  • N14 740 debit
  • N14 740 credit checkmark
  • N540 credit

The correct answer is: C

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