Use the information below to answer this question Segun Ojo, didn’t keep her books on...
FINANCIAL
JAMB 2015
Use the information below to answer this question
Segun Ojo, didn’t keep her books on double principle. On 1st Jan, 2014, cash in hand was 850, bank overdraft 3500, debtor 15,500,stock 18,000, fittings 9,000 and creditors 12,700. As at Dec, 2014, cash in hand was 1200, cash at bank 2,500, debtors 10,000, stock 20,500, furnishing 4,000 and creditors 17,000
Compute the capital as at 1st Jan, 2014.
- A. 27,150
- B. 43,350
- C. 16,200
- D. 34,350
Correct Answer: A. 27,150
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