Use the information below to answer question Ca... - JAMB Accounting 2006 Question
Use the information below to answer question .
Capital.....................N?
Profit and loss.............N3500
Current assets..............N?
Current liabilities.........N2000
fixed assets................N11000
The company maintains a current ratio of 3:1.
The capital balance is?
Capital.....................N?
Profit and loss.............N3500
Current assets..............N?
Current liabilities.........N2000
fixed assets................N11000
The company maintains a current ratio of 3:1.
The capital balance is?
A
N95 00
B
N12 500
C
11 500
D
10 00
correct option: b
Please share this, thanks:
Add your answer
No responses