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Given: Determine the balance



Given:
Determine the balance
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A 415,000 debit
  • B 215,000 credit
  • C 215,000 debit
  • D 315,000
Correct Answer: Option C
Explanation:
Income = 210,000 + 80,000 + 60,000 = 350,000
Expenditure = 20,000 + 15,000 +40,000 10,000 + 50,000 = 135,000
350,000 - 135,000 = 215,000 Debit balance (income)

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