JAMB - Accounts Principles Of Accounts (2025 - No. 29)
Use the following information to answer the question
The following transactions were recorded in the cash book of Ibusah for the month of February 2019
The balance brought down at the end of the month is
D 306,900
D 278,000
D 154,800
D 478,300
Explanation
Balance Brought Down = Opening Balance + Income(Expenses + Drawings)
Balance Brought Down = (D 200,000 + D 180, 000 + D 98, 000) - (D 40,000 + D 73, 000 + D 28,600 + D 12, 800)
= D 478, 000 - D 154, 8000 = D 323, 200
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