Given: capital N13,000; office machinery, N9,000; creditors N900, stock of goods N1,550; debtors, N275; cash…

Accounts - Principles of Accounts JAMB 1997

Given: capital N13,000; office machinery, N9,000; creditors N900, stock of goods N1,550; debtors, N275; cash at bank, N5,075 and loan from Jumbo, N2,000. What is the balance sheet total?

  • N19,500
  • N18,500
  • N17,900
  • N15,900 checkmark

The correct answer is: D

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