Use the following to answer the given question
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Use the following to answer the given question
BALANCE SHEET:
NNOrdinary share capital100,000Plant and Machinery60,0006% preference share capital60,000Furniture50,000Reserve20,000Motor van68,000180,000Stock14,00010% Debentures40,000Debtors36,000Creditors25,000Prepyments1,800Accrued Rent3,000bank18,200TotalN248,000N248,000
What is the equity capital?
N100,000
N120,000
N160,000
N180,000
N220,000
Correct answer is B
No explanation has been provided for this answer.
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