In preparing a trial balance from the list of balances given below; what is the total in debit and credit columns?

By: |Published on: Apr 7|Categories: Accounting JAMB| 0 comments

₦
Bank account  59,410
Capital account 50,000
Purchases account 20,000
Rent  2,500
Stationery  90
Typewriter  6,500
Sales  38,500

 

A. ₦I38,500
B. ₦147,910
C. ₦85,800
D. ₦88,500

Correct Answer:

Option D = ₦88,500

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