Use the information below to answer this question Capital..................N......
Question
Use the information below to answer this question
Capital..................N............N........
Land and building.......18470........24000....
Mortgage on premises...................11090...
Drawings...............3000...................
Profit and loss........................3600...
Furniture and fittings...5120.................
Motor Vehicles...........3462................
Closing Stock............3000................
Debtors..................11474...............
Creditors..............................7354.
Cash.....................1518................
..........................46044.........46044
Calculate the value of fixed assets
Options
A)
₦15 992
B)
₦18 470
C)
₦27 000
D)
₦27 052
The correct answer is D.
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