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What Is The Cash Balance On The Debit Side If It Is The Only Item Omitted? - Erudites Academy

What is the cash balance on the debit side if it is the only item omitted?

by | Dec 6 | Accounting JAMB | 0 comments

Capital……………………………N60 000
Bank………………………………N12 500
General expenses……………………N5 250
Creditors………………………….N17 000
Stock……………………………..N98 500
Fixed assets……………………….N42 000
Insurance and rates…………………N18 800
Purchase…………………………..N63 850

A. N6745
B. N6754
C. N6475
D. N6574

Correct Answer:

Option C – N6475

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