Given:
|
Fixed assets |
₦ 55,000 20,000 13,000 |
What is the capital?
-
A.
₦88,000 -
B.
₦48,000 -
C.
₦62,000 -
D.
₦55,000
Correct Answer: Option B
Explanation
Capital = Total Assets – Total liabilities
⇒ 55,000 + 13,000 – 20,000
68,000 – 20,000
₦48,000