Question on: JAMB Accounting - 2019
Given:
Fixed assets Liabilities Current assets | ₦ 55,000 20,000 13,000 |
What is the capital?
A
₦88,000
B
₦48,000
C
₦62,000
D
₦55,000
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Correct Option: B
Capital = Total Assets - Total liabilities
= 55,000 + 13,000 - 20,000
= 68,000 - 20,000
= ₦48,000
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