Waec Model Questions Vol1 2020 Financial Accounting Question 31
Practice objective / multiple choice question 31 from the 2020 Waec Model Questions Vol1 Financial Accounting examination.
The trial balance of XYZ Ltd as at 31 December shows the following balances: Cash Dr ₦50,000, Accounts Receivable Dr ₦30,000, Equipment Dr ₦120,000, Accounts Payable Cr ₦80,000, Capital Cr ?. The total of the debit column is ₦200,000. What amount should be entered in the Capital account (Cr) to balance the trial balance?
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About This Question
This is Waec Model Questions Vol1 2020 Financial Accounting Question 31. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Easy .
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