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Use the information below to answer questions The Assets and liabilities of U...


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Use the information below to answer questions

The Assets and liabilities of Udo Co.ltd. as at 31st December, 2000.

Creditors₦50,000
Debtors₦46,000
Loan₦100,000
Stock₦20,000
Motor vehicle₦120,000
Building₦70,000
Accrued wages₦30,000
Bank₦25,000

The value of capital invested by the owners is?

Options

A)
₦110,000
B)
₦105,000
C)
₦101,000
D)
₦100,000

The correct answer is C.


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