Given:
Capital………………………….N2375 000
Debtors………………………….N495 000
Motor vehicle…………………….N870 000
Creditors………………………..N245 000
Prepayment……………………….N500 000
Bills receivable………………….N505 000
Furniture………………………..N150 000
A. N4 690 000
B. N2 620 000
C. N2 520 000
D. N1 565 000
Correct Answer:
Option C – N2 520 000
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