JAMB Accounting 2008 Objective — Question 5

Question 5 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2008 Objective paper, with the correct answer and a full explanation.

Given: Sales 4,000; Light expenses 2,900; Rent 15,000; Purchases 7,500; Debtors 6,000; Creditors 29,325; Drawings 25; Bank 400; General expenses 1,500. Calculate the total of the trial balance

A. 64,300
B. 46,825
C. 41,850
D. 33,325Correct

Explanation

Total debit side = Purchases 15,000+Rent 2,900+Debtors 6,000+Drawings 25+Bank 400+General expenses 1,500 = 33,325, which balances with the credit side (Sales 4,000+Creditors 29,325=33,325).

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