\(\begin{array}{c|c} & N\\ \hline \text{Land and building} & 20,000\\ Stock & 5,000\\ \text{Cash in hand} & 1,000\\ \text{Profit and loss b/f} & 14,000\\ \text{Rent owing} & 400\\ Creditors & 11,000\\ \text{Furniture and fittings} & 7,500\\ \text{Motor vehicle} & 12,000 \\
Debtors & 13,750\\ \text{Bank overdraft} & 8,750
\end{array}\)
The value of fixed assets is
a
N57,300
b
N47,500
c
N40,000
d
N37,500
Explanation
Correct Option
cNo explanation available
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Discussions (1)
Nene237
4 years ago
IS not correct oo IT should be 39500 not B cause FIXED ASSET there are LAND AND BUILDING , FURNITURE AND FITTING , MOTOR VEHICLE sum them together it'll give 39500 . pls correct this
