Question 22

Use the following information to answer he given question
\(\begin{array}{c|c} & J. Chike & B. Balla \\ & N & N \\ \hline \text{Current Accounts balance(1/4/98)} & 4,000 & 6,000 \\ \text{Current Accounts balance (1/4/99)} & 7,000 & \text{?} \\ Drawings & 1,500 & 1,500 \\ \text{Share of net profit} & \text{?} & 2,500 \end{array}\)
What is Balla's Current Account balance as at 31/3/99?

  • A.N11,000
  • B.N7,000
  • C.N5,500
  • D.N4,500
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
1999
Question no.
#22
Type
Objective

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