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Given: Capital: ₦13,000 Office machinery: ₦9,000 Creditors: ₦900 Stock of go...


Question

Given:
Capital: ₦13,000
Office machinery: ₦9,000
Creditors: ₦900
Stock of goods: ₦1,550
Debtors: ₦275
Cash at bank: ₦5,075
Loan from Jumbo: ₦2,000
What is the balance sheet total?

Options

A)
₦19,500
B)
₦18,500
C)
₦17,900
D)
₦15,900

The correct answer is D.


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