Business Studies > 2020 PAPER II > 37

BECE/Junior WAEC


Use this information to answer this question.

The following were extracted from the books of Yakubu for the month of July.

July 1. Started business with:
Bank
Cash
July 5, Paid wages by cash
July 8. Bought furniture by cheque
July 15. Paid cash into bank
July 18 Cash sales

15,000
20,000
5,000
10,000
4,000
9,000



What is the balance carried down on the credit side of bank?

A.
₦10,000
B.
₦9,000
C.
₦7,000
D.
₦5,000
E.
₦4,000

Answer: B

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