begin array c c amp N hline text Land and build... - WAEC Accounting 2002 Question
\(\begin{array}{c|c} & N\ \hline \text{Land and building} & 20,000\ Stock & 5,000\ \text{Cash in hand} & 1,000\ \text{Profit and loss b/f} & 14,000\ \text{Rent owing} & 400\ Creditors & 11,000\ \text{Furniture and fittings} & 7,500\ \text{Motor vehicle} & 12,000 \
Debtors & 13,750\ \text{Bank overdraft} & 8,750
\end{array}\)
The value of fixed assets is
Debtors & 13,750\ \text{Bank overdraft} & 8,750
\end{array}\)
The value of fixed assets is
A
N57,300
B
N47,500
C
N40,000
D
N37,500
correct option: c
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