Use the information below to answer question . .........................31 Dec. 05........31 Dec. 06 Total fixed
FINANCIAL
JAMB 2008
Use the information below to answer question .
.........................31 Dec. 05........31 Dec. 06
Total fixed assets.........N7 800............N6 600
Total current assets.......N12 100............N17800
Total current liabilities..N4 700............N3 800
Drawings for 2006 is N5 200.
Determine the capital balance as at Dec. 31,2005?
- A. N20 600
- B. N15 200
- C. N13 800
- D. N11 600
Correct Answer: B. N15 200
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *