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Use the information below to answer questionGiven: 31/12/98 31/12/99Assets: Plant an...


Question

Use the information below to answer question

Given: 31/12/98 31/12/99

Assets: Plant and Mach. ₦1,500 ₦1,200

Fixtures ₦700 ₦520

Stock ₦500 ₦600

Debtors ₦900 ₦400

Cash ₦200 ₦300

Liabilities: Creditor ₦500 ₦600

Loan ₦600 ₦400What is the capital from the opening balance sheet?

Options

A)
₦3,600
B)
₦2,700
C)
₦2,070
D)
₦1,520

The correct answer is B.


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