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?
A N19,500
B N18,500
C N17,900
D N15,900
Answer is D
Tutors, Past Questions and Projects.
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?
A N19,500
B N18,500
C N17,900
D N15,900
Answer is D
