Given: Liabilities..............N23,700 Current assets...........N20,300 Fixed assets.............N64,500 What is the capital introduced by the proprietor?

Given:

Liabilities..............N23,700

Current assets...........N20,300

Fixed assets.............N64,500

What is the capital introduced by the proprietor?

A N40,800
B N61,100
C N88,200
D N108 500

jamb 2005 accounting

The correct answer is B. N61,100

No explanation given

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