Use the information below to answer question . Capital…………………N? Profit and loss………….N3500 Current assets…………..N? Current…

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Accounts - Principles of Accounts JAMB 2006

Use the information below to answer question .

Capital…………………N?
Profit and loss………….N3500
Current assets…………..N?
Current liabilities………N2000
fixed assets…………….N11000

The company maintains a current ratio of 3:1.
The capital balance is?

  • N95 00
  • N12 500 checkmark
  • 11 500
  • 10 00

The correct answer is: B

Explanation

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