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\(\begin{array}{c|c} & N\\ \hline \text{Land and buil...

NLand and building20,000Stock5,000Cash in hand1,000Profit and loss b/f14,000Rent owing400Creditors11,000Furniture and fittings7,500Motor vehicle12,000Debtors13,750Bank overdraft8,750

The value of fixed assets is

A.

N57,300

B.

N47,500

C.

N40,000

D.

N37,500

Correct answer is C

No explanation has been provided for this answer.