The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018
Initial Capital | 5000 |
Net Profit | 1000 |
Furniture | 2000 |
Equipment | 2900 |
Debtors | 100 |
Stock | 1000 |
Bank | 500 |
A. 6500
B. 2000
C. 4900
D. 600
Correct Answer: Option C
C. 4900