Question on: JAMB Accounting - 2008
Use the information below to answer question .
.........................31 Dec. 05........31 Dec. 06
Total fixed assets.........N7 800............N6 600
Total current assets.......N12 100............N17800
Total current liabilities..N4 700............N3 800
Drawings for 2006 is N5 200.
Determine the capital balance as at Dec. 31,2005?
A
N20 600
B
N15 200
C
N13 800
D
N11 600
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Correct Option: B
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