Drawings of N125 were made by the shareholders of the company. The capital of the company stands at?

Zazzau Company:

Cash in hand…………….N50
Cash in bank…………….N1 250
Stock…………………..N4 880
Furniture……………….N9 60
Building………………..N5 500
Debtor………………….N1 750
Creditors……………….N2 150

A. N12 240
B. N12 115
C. N2 510
D. N2 150

Correct Answer:

Option A – N12 240