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JAMB Principles of Accounts 2011 Question 6

Question 6

Trial Balance

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

  1. A.₦4,250
  2. B.₦3,500
  3. C.₦4,300
  4. D.₦3,450
Show the answer and explanation

Answer: D (₦3,450)

Explanation

Debits: 400 + 3 000 + 50 = ₦3 450. Credits: 1 200 + 2 250 = ₦3 450.