Use the following information to answer the giv... - WAEC Accounting 1998 Question
Use the following information to answer the given question
\(\begin{array}{c|c} & N \ \hline \text{Furniture and Fittings} & 15,000 \ \text{Land and building} & 40,000 \ \text{Motor Vehicles} & 25,000 \ Stock & 10,000 \ Debtors & 27,000 \ \text{Cash in hand} & 2,000 \ \text{Bank overdraft} & 17,500 \ \text{Profit and loss b/d} & 28,000 \ \text{Rent owing} & 800 \ \text{Sundry creditors} & 22,000\end{array}\)
The opening capital is
\(\begin{array}{c|c} & N \ \hline \text{Furniture and Fittings} & 15,000 \ \text{Land and building} & 40,000 \ \text{Motor Vehicles} & 25,000 \ Stock & 10,000 \ Debtors & 27,000 \ \text{Cash in hand} & 2,000 \ \text{Bank overdraft} & 17,500 \ \text{Profit and loss b/d} & 28,000 \ \text{Rent owing} & 800 \ \text{Sundry creditors} & 22,000\end{array}\)
The opening capital is
A
N52,2000
B
N51,200
C
N48,300
D
N39,500
correct option: b
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