Question on: JAMB Accounting - 2009
Use the information below to answer questions 17 and 18.
Total current assets..................N2,000
Total fixed assets....................N4,000
Current liabilities...................N1,200
Drawings..............................N200
Long-term loan........................N2,000
Determine the capital of the business?
Total current assets..................N2,000
Total fixed assets....................N4,000
Current liabilities...................N1,200
Drawings..............................N200
Long-term loan........................N2,000
Determine the capital of the business?
A
N9,400
B
N6,000
C
N3,400
D
N3,000
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Correct Option: D
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