JAMB Accounting 2011 Objective — Question 5

Question 5 of 49 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2011 Objective paper, with the correct answer and a full explanation.

Given: Lighting expenses #400, Purchases #3,000, Sales #1,200, Creditors #2,250, Debtors #50. Calculate the total of the trial balance.

A. A. #4,250
B. B. #3,500
C. C. #4,300
D. D. #3,450Correct

Explanation

Debit side: Lighting expenses 400 + Purchases 3,000 + Debtors 50 = 3,450. Credit side: Sales 1,200 + Creditors 2,250 = 3,450. Total of the trial balance = #3,450.

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