JAMB Accounts Principles of Accounts 2011 Paper

Concept:A trial balance lists all debit and credit balances to confirm they are equal.Explanation:Debit balances: Light expenses $N400$; Purchases $N3,000$; Debtors $N50$.Total debits $= N400 + N3,000 + N50 = N3,450$.Credit balances: Sales $N1,200$; Creditors $N2,250$.Total credits $= N1,200 + N2,250 = N3,450$.Therefore, the trial balance total is $N3,450$.Answer:$N3,450$