Question on: JAMB Accounting - 2013
Given:
Assets and Liabilities of a Local Government
Bank balance #6,484,000
Cash # 900,000
General revenue balances #9,774,500
Accrued salaries #1,220,000
Investment in shares #1,480,000
Vehicles #7,620,000
Calculate the liabilities of the local government
A
#10,994,500
B
#17,394,500
C
#18,774,500
D
#18,874,500
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Correct Option: A
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