Question on: JAMB Accounting - 2009

Use the information below to answer questions 17 and 18.

Total current assets..................N2,000

Total fixed assets....................N4,000

Current liabilities...................N1,200

Drawings..............................N200

Long-term loan........................N2,000

Determine the capital of the business?

A
N9,400
B
N6,000
C
N3,400
D
N3,000
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Correct Option: D

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