Given:
Determine the balance
-
A.
415,000 debit -
B.
215,000 credit -
C.
215,000 debit -
D.
315,000
Correct Answer: Option C
Explanation
Income = 210,000 + 80,000 + 60,000 = 350,000
Expenditure = 20,000 + 15,000 +40,000 10,000 + 50,000 = 135,000
350,000 – 135,000 = 215,000 Debit balance (income)