Home / Aptitude Tests / Accounting / Given: Fixtures-#30...

Given:
Fixtures-#30,000
Debtors-#7,000

Given:
Fixtures-#30,000
Debtors-#7,000
Stock- #8,000
Creditors-#3,000
Goodwill-#10,000

Determine the capital.

A.

#10,000

B.

#42,000

C.

#45,000

D.

#52,000

View answer & explanation

Correct answer is D

30,000 + 7000 + 8000 +10,000 = 55000

55,000 - 3000 = 52,000

 

See all Accounting questions & answers
See more JAMB questions & answers
Similar Questions

Capital balances b/d:.....P.............N20,000 ..........................K.............N10,000 Dr...

Use the following information to answer the given question. John and Johnson are in partnership, sh...

Purchasers - #44,880 Sales - #85,850 Trade creditors - #12,250 Trade debtors - #24,000 Accrued e...

The capital employed is ...

Which of the following is not a profit and loss appropriation account item? ...

NAFARA AND SONS Balance Sheet items as at 31st December, 1987. Capital N74480 Creditors N15875 ...

In an incomplete record, the preparation of the bank reconciliation ensures that ...

A trader sells goods at an average margin of 20%. His cost of sales for the month amounted to N720,0...

                            &n...

When the sum of money appears on the credit side of the cash book, but not on the debit side of the ...

Aptitude Tests

Verbal Reasoning Questions and Answers

Numerical Reasoning Questions and Answers

Situational Judgement Questions and Answers

Abstract Reasoning Questions and Answers

Nigeria General Knowledge Questions and Answers

Microsoft Office Questions and Answers

Data Interpretation Questions and Answers

Puzzles Questions and Answers

Logical Reasoning Questions and Answers

Quantitative Reasoning Questions and Answers

Personality Test

Spatial Reasoning Questions and Answers

Typing Speed and Accuracy Test

See all →