Given: Motor van, N3,600, Premises, N5,000; Loan from R. Nwaeke, N1,000; Cash at bank; N1,650; stock of goods N4,800; Creditors, N2,560; Cash in hand, N250 and debtors N6,910. calculate the capital figure.

  • A N19,650
  • B N18,650
  • C N17,850
  • D NN16,850
jamb 1995accounting

The correct answer is B. N18,650

No explanation given
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