Determine the capital of the business?

Use the information below to answer questions 17 and 18.

Total current assets………………N2,000
Total fixed assets………………..N4,000
Current liabilities……………….N1,200
Drawings…………………………N200
Long-term loan……………………N2,000

Determine the capital of the business?

A N9,400

B N6,000

C N3,400

D N3,000

Answer is D

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