Given:
|
Fixed assets Liabilities Current assets |
₦ 55,000 20,000 13,000 |
What is the capital?
- ₦88,000
-
₦48,000
- ₦62,000
- ₦55,000
The correct answer is: B
Explanation
Capital = Total Assets - Total liabilities
⇒ 55,000 + 13,000 - 20,000
68,000 - 20,000
₦48,000