Use the following information to answer the question below \(\begin{array}{c|c} & 1/7/10 & 30/6/11 \\...

WAEC 2015

Use the following information to answer the question below

\(\begin{array}{c|c}
& 1/7/10 & 30/6/11 \\
& D & D \\
\hline
\text{Stock} & 1,460 & 4,200 \\
\hline
\text{Motor Car} & 3,600 & 3,200 \\
\hline
\text{Creditors} & 600 & 700
\end{array}\)
Drawings during the year amounted to D1,500.

Closing capital is

A. D8,100
B. D7,400
C. D6,700
D. D5,200

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Correct Answer: Option C

Explanation

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