Determine the closing balance of the cash book?

By: |Published on: Dec 5|Categories: Accounting JAMB| 0 comments

Capital 12,700 Purchases 7,100
Debtors 4,000 Stationery 1,900
Sales 2,400 Wages 1,230

 

A. N655 credit
B. N655 debit
C. N130 credit
D. N130 debit

Correct Answer:

Option B – N655 debit

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