Use the information below to answer questions Given: Returns inwards…………N1500 cash…………………..N1550 Discount……………….N2850 Capital………………..N3800 Debtors………………..N900 Sundry…………………N?…

Home » Past Questions » Accounts-principles-of-accounts » Jamb » 2007 » Use the information below to answer questions Given: Returns inwards…………N1500 cash…………………..N1550 Discount……………….N2850 Capital………………..N3800 Debtors………………..N900 Sundry…………………N?…
Accounts - Principles of Accounts JAMB 2007

Use the information below to answer questions

Given:
Returns inwards…………N1500
cash…………………..N1550
Discount……………….N2850
Capital………………..N3800
Debtors………………..N900
Sundry…………………N?
The value of sundry expenses is 150% of returns inwards plus 50% of debtors

The total of the trial balance is?

  • N6600
  • N6650 checkmark
  • N5600
  • N5900

The correct answer is: B

Explanation

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