.........................31 Dec. 05........31 Dec. 06
.........................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?
N20,600
N15,200
N13,800
N11,600
Correct answer is B
No explanation has been provided for this answer.