Use the following information to answer the given question $\begin{array}{c|c} & N\ \hline \text{Motor Van} & 120,000\ \text{Buildings} & 300,000 \ \text{Stock of goods} & 40,000\end{array}$In addition, he had cash ofN60,000 out of which N20,000 was borrowed from a friend. The capital of the business is

Question

Use the following information to answer the given question $\begin{array}{c|c} &amp; N\ \hline \text{Motor Van} &amp; 120,000\ \text{Buildings} &amp; 300,000 \ \text{Stock of goods} &amp; 40,000\end{array}$In addition, he had cash ofN60,000 out of which N20,000 was borrowed from a friend. The capital of the business is

Lessonnotes Admin · Accepted Answer

The answer is A. N520,000.