Capital……………………………N60 000
Bank………………………………N12 500
General expenses……………………N5 250
Creditors………………………….N17 000
Stock……………………………..N98 500
Fixed assets……………………….N42 000
Insurance and rates…………………N18 800
Purchase…………………………..N63 850
A. N123 325
B. N160 050
C. N166 525
D. N326 575
Correct Answer:
Option C – N166 525
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