Given:
Rent…………..N10,000
Rates………….N5,000
Capital………..N50,000
Salaries……….N14,000
Cash…………..N26,000
Creditors……….N5,000
A. N110,000
B. N65,000
C. N55,000
D. N45,000
Correct Answer:
Option C – N55,000
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