Given Fixed assets Liabilities Current assets 5... - JAMB Accounting 2019 Question
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
correct option: b
Capital = Total Assets - Total liabilities
= 55,000 + 13,000 - 20,000
= 68,000 - 20,000
= ₦48,000
Please share this, thanks:
Add your answer
No responses