Accounting WAEC

Total asset is ________?

Use the following to answer the given question

Premises 100,000
Plant 50,000
Fixtures 30,000
Stock 2,000
Debtor 10,000
Cash 10,000
Creditors 20,000

Total asset is ________?

A. ₦240,000
B. ₦220,000
C. ₦200,000
D. ₦180,000

Correct Answer: Option B

B. ₦220,000

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