The Current account above had some errors in the arrangement of the accounts for Musa, Kalu and Lawal. The Correct closing balance for Musa's current accoun...

The Current account above had some errors in the arrangement of the accounts for Musa, Kalu and Lawal.

The Correct closing balance for Musa's current account is

Answer Details

To find the correct closing balance for Musa's current account, we need to add up all his credits and subtract all his debits. From the table, Musa had a credit of ₦25,000, a debit of ₦11,400, and a credit of ₦3,000. Adding the credits and subtracting the debits gives us: ₦25,000 + ₦3,000 - ₦11,400 = ₦16,600 credit Therefore, the correct answer is ₦16,600 credit.