Use the information below to answer question.
| 31 Dec. 05 | 31 Dec. 06 | |
| Total fixed assets | ₦7 800 | ₦6 600 |
| Total current assets | ₦12 100 | ₦17 800 |
| Total current liabilities | ₦4 700 | ₦3 800 |
Drawings for 2006 is ₦5 200.
Determine the capital balance as at Dec. 31, 2005?
Options
A) ₦20 600
B) ₦15 200
C) ₦13 800
D) ₦11 600
The correct option is B
We have WAEC, GCE, NECO, JAMB ONLINE TUTORIAL CLASS that can help you out. CLICK HERE TO GET STARTED.
FOR SHORT TUTORIAL VIDEOS ON YOUTUBE CLICK HERE AND SUBSCRIBE
