JAMB Accounting 2007 Objective — Question 46

Question 46 of 46 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2007 Objective paper, with the correct answer and a full explanation.

The total of the trial balance is

A. #6,600
B. #6,650Correct
C. #5,600
D. #5,900

Explanation

Trial balance totals: Returns inwards 1,500 + Cash 1,500 + Debtors 900 + Sundry expenses 2,200 (Dr) = Discount received 2,850 + Capital 3,800 (Cr) = #6,650 on each side.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Accounting 2007 Objective More Accounting past papers