Categories: Accounting JAMB

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