Yahuza Enterpises

Trial Balance (Extracts) as at Dec. 31, 1998.

Capital

Premises 90,000 21,000

Debtors 35,000

Provisions 1/1/98:

Depreciation 9,000

Bad and doubtful 1,500

If premises is to be depreciated at 10% on cost and a 5% provision is to be allowed on debtors, the total asset in the balance sheet is

  • A N 125, 000
  • B N114,500
  • C N105,500
  • D N105,250

The correct answer is D. N105,250

No explanation given
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