From the below, calculate Fixed assets.

By: |Published on: Jan 8|Categories: Commerce WAEC| 0 comments

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

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