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Given: capital N13,000; office machinery, N9,000; creditors N900, stock of goods ...

Given: capital N13,000; office machinery, N9,000; creditors N900, stock of goods N1,550; debtors, N275; cash at bank, N5,075 and loan from Jumbo, N2,000. What is the balance sheet total?
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  • A N19,500
  • B N18,500
  • C N17,900
  • D N15,900
Correct Answer: Option D
Explanation:

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