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

Accounts - Principles of Accounts
JAMB 2012

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
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Correct Answer: Option D
Explanation

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

55,000 - 3000 = 52,000

 

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