Given:
| ₦ | |
| Fixed assets | 55,000 |
| Liabilities | 20,000 |
| Current assets | 13,000 |
A. ₦88,000
B. ₦48,000
C. ₦62,000
D. ₦55,000
Correct Answer: Option B
B. ₦48,000
Explanation
Capital = Total Assets – Total liabilities
⇒ 55,000 + 13,000 – 20,000
68,000 – 20,000
₦48,000
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