Accounting JAMB

Determine the capital?

Given:

Fixtures-#30,000
Debtors-#7,000
Stock- #8,000
Creditors-#3,000
Goodwill-#10,000

 

A. #10,000
B. #42,000
C. #45,000
D. #52,000

Correct Answer:

Option D – #52,000

Explanation

30,000 + 7000 + 8000 +10,000 = 55000

55,000 – 3000 = 52,000

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