Question on: JAMB Accounting - 2023
Danladi Bako's Statement of Affairs as at 30/06/17 is as shown in the table below; What is the value of Dalandi Bako's capital?
| ₦ |
₦ |
||
| Capital | ?? | Fixtures and fittings | 4,000 |
| Stock | 20,500 | ||
| Sundry debtors | 40,000 | ||
|
Creditors |
18,000 | Bank | ?? |
| 78650 | 78650 |
A
₦60,150
B
₦78,650
C
₦50,160
D
₦60,650
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Correct Option: D
Capital is the difference between total assets and total liabilities.
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