Calculate the value of fixed assets
Use the information below to answer this questions
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
A N15 992
B N18 470
C N27 000
D N27 052
Answer is D
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