Given:


Fixed assets
Liabilities
Current assets		 ₦
55,000
20,000
13,000

What is the capital?

A.

₦88,000

B.

₦48,000

C.

₦62,000

D.

₦55,000

View answer & explanation

Correct answer is B

Capital = Total Assets - Total liabilities
⇒ 55,000 + 13,000 - 20,000
68,000 - 20,000
₦48,000

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