Use the information below to answer question

Capital.................................N60 000

Bank....................................N12 500

General expenses........................N5 250

Creditors...............................N17 000

Stock...................................N98 500

Fixed assets............................N42 000

Insurance and rates.....................N18 800

Purchase................................N63 850

Determine the total of the trial balance?

  • A N123 325
  • B N160 050
  • C N166 525
  • D N326 575

The correct answer is C. N166 525

No explanation given
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