Use the information below to answer question . Statement of assets and liabilities as at…

Accounts - Principles of Accounts JAMB 2002

Use the information below to answer question .

Statement of assets and liabilities as at 31st December, 2001.

Shareholders’ interest N240

Current liabilities N20

Current assets N110

Fixed assets N140
What is the networking capital?

  • N90m checkmark
  • N70m
  • N100m
  • N80m

The correct answer is: A

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