| # | |
| Land and building | 20,000 |
| Stock | 5,000 |
| Cash in hand | 1,000 |
| Profit and loss b/f | 14,000 |
| Rent owing | 400 |
| Creditors | 11,000 |
| Furniture and fittings | 7,500 |
| Motor vehicle | 12,000 |
| Debtors | 13,750 |
| Bank overdraft | 8,750 |
A. N28,500
B. N20,150
C. N19,750
D. N17,000
Correct Answer: Option C
C. N19,750
300 Level Department of Insurance exam questions and detailed answers. Download the answers in document format.…
300 Level Department of Insurance exam questions and detailed answers. Download the answers in document format.…
300 Level Department of Insurance exam questions and detailed answers. Download the answers in document format.…
` 300 Level Department of Insurance exam questions and detailed answers. Download the answers in document…
300 Level Department of Insurance exam questions and detailed answers. Download the answers in document format.…
300 Level Department of Insurance exam questions and detailed answers. Download the answers in document format.…
