Question on: WAEC Accounting - 1989
Use the following information to answer the given question:
Issued capital.................100,000
Ordinary shares................40,000
Preference shares..............30,000
Reserves.......................10,000
Debentures.....................60,000
Current........................150,000
Fixed assets...................90,000
Current assets.................240,000
What is the total of the loan capital of the business?
A
N10,000
B
N30,000
C
N40,000
D
N60,000
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Correct Option: D
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