| 1/1/2010 | 31/12/2010 | |
| Creditors | ₦9,000 | ₦9,800 |
| Rent owing | ₦3,800 | ₦2,500 |
| Rates prepaid | ₦2,000 | ₦3,500 |
| Motor van | ₦8,000 | ₦8,000 |
| Premises | ₦10,000 | ₦10,500 |
Calculate the closing capital.
Options
A) ₦8,700
B) ₦9,500
C) ₦9,700
D) ₦10,700
The correct option is C
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