Question on: JAMB Accounting - 2001

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Given: 31/12/98 31/12/99

Assets: Plant and Mach. N1,500 N1,200

         Fixtures        N700            N520<br />

         Stock           N500            N600<br />

         Debtors         N900            N400<br />

         Cash            N200            N300<br />

Liabilities: Creditor N500 N600

         Loan            N600            N400<br />

Determine the total fixed assets from the opening balance sheet?

A
N2,200
B
N2,020
C
N1,720
D
N2,070
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Correct Option: B

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