Danladi Bako’s Statement of Affairs as at 30/06/17
| ₦ |
₦ |
||
| Capital | ?? | Fixtures and fittings | 4,000 |
| Stock | 20,500 | ||
| Sundry debtors | 40,000 | ||
|
Creditors |
18,000 | Bank | ?? |
| 78650 | 78650 |
What is the value of Dalandi Bako’s capital?
- ₦60,150
- ₦78,650
- ₦50,160
-
₦60,650
The correct answer is: D
Explanation
The capital is calculated as the difference between total assets and total liabilities. Therefore, the correct answer is ₦60,650.