Capital………………N…………N……..
Land and building…….18470……..24000….
Mortgage on premises……………….11090…
Drawings……………3000……………….
Profit and loss……………………3600…
Furniture and fittings…5120……………..
Motor Vehicles………..3462…………….
Closing Stock…………3000…………….
Debtors………………11474……………
Creditors…………………………7354.
Cash…………………1518…………….
……………………..46044………46044
A. N44 600
B. N43 052
C. N43 044
D. N38 600
Correct Answer:
Option C – N43 044
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