Given: Fixtures-#30,000 Debtors-#7,000 Stock- #8,000 Creditors-#3,000 Goodwill-#10,000 Determine the capital

Given:

Fixtures-#30,000

Debtors-#7,000

Stock- #8,000

Creditors-#3,000

Goodwill-#10,000

Determine the capital

A #10,000
B #42,000
C #45,000
D #52,000

jamb 2012 accounting

The correct answer is D. #52,000

30,000 + 7000 + 8000 +10,000 = 55000

55,000 - 3000 = 52,000

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