Use the information below to answer question .
…………………….31 Dec. 05……..31 Dec. 06
Total fixed assets………N7 800…………N6 600
Total current assets…….N12 100…………N17800
Total current liabilities..N4 700…………N3 800
Drawings for 2006 is N5 200.
Determine the capital balance as at Dec. 31,2005?
A N20 600
B N15 200
C N13 800
D N11 600
Answer is B
