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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