Determine the capital balance as at Dec. 31,2005?
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
Tag:2008 Jamb Accounting, Jamb, Jamb 2008 accounting questions and answers, Jamb 2008 financial accounting questions and answers, Jamb Accounting, Jamb accounting past questions, Jamb accounting past questions and answers, Jamb Accounts, Jamb financial accounting, Jamb financial accounting questions and answers, Jamb past questions and answers on accounting, Jamb past questions and answers on financial accounting, Joint Admissions and Matriculation Board