Danladi Bako's Statement of Affairs as at 30/06/17 ₦ ₦ Capital ?? Fixtures and fittings 4,000 Stock 20,500 Sundry debtors 40,000 Creditors 18,000 Bank ?? 78...

Assessment: JAMB UTME - Principles of Accounts - 2023 Subject: Financial Accounting

Question 1 Report

Danladi Bako's Statement of Affairs as at 30/06/17

₦ ₦
Capital ?? Fixtures and fittings 4,000
Stock 20,500
Sundry debtors 40,000
Creditors 18,000 Bank ??
78,650 78,650

What is his bank balance as at 30/06/17?

Answer Details
Bank balance = 78,650 - ( 4000 + 20500 + 40000)
= 78650 - 64500
= ₦14,150
Read lesson note on Cashbook (JAMB)
View Answer

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