Yahuza Enterpises
Trial Balance (Extracts) as at Dec. 31, 1998.
Capital
Premises: ₦90,000; ₦21,000
Debtors: ₦35,000
Provisions 1/1/98:
Depreciation: ₦9,000
Bad and doubtful: ₦1,500
If premises is to be depreciated at 10% on cost and a 5% provision is to be allowed on debtors, the total asset in the balance sheet is
Options
A) ₦125, 000
B) ₦114,500
C) ₦105,500
D) ₦105,250
The correct option is D
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