Given:
Sales…………………N4000
Light expenses…………N2900
Rent………………….N1500
Purchases……………..N7500
Debtors……………….N6000
Creditors……………..N29000
Drawings………………N25
Bank………………….N400
General expenses……….N1500
A. N64 300
B. N46 825
C. N41 850
D. N33 325
Correct Answer:
Option D – N33 325
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