JAMB Accounting Past Questions & Answers - Page 173

Given:
................Cash Book........................
Capital..........N6,500........purchases.....N12,250
Sales............N30,000........Rent..........N9,100
.Motor vehicle.N2,400

Find the bank balance?

i) Cash at bank (ii) Cash in hand (iii) Premises
(iv) Land (v)Creditors (vi)loan from friends/bank.
What are the current assets?

(i) Cash at bank (ii) Cash in hand (iii) Premises
(iv) Land (v)Creditors (vi)loan from friends/bank.

Determine the fixed assets?

Bariga, a stock broker bought stationery for N 12000 by cash. To record this transaction, debit?

Given:
Sales.....................N4000
Light expenses............N2900
Rent......................N1500
Purchases.................N7500
Debtors...................N6000
Creditors.................N29000
Drawings..................N25
Bank......................N400
General expenses..........N1500

Calculate the total of trial balance?