Use the information below to answer question
Given: 31/12/98 31/12/99
Assets: Plant and Mach. N1,500 N1,200
Fixtures N700 N520
Stock N500 N600
Debtors N900 N400
Cash N200 N300
Liabilities: Creditor N500 N600
Loan N600 N400

Determine the total fixed assets from the opening balance sheet?

a

N2,200

b

N2,020

c

N1,720

d

N2,070

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Correct Option
b

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Discussions (2)

remex
7 years ago

the answer is B opening for plant & mach. is 1,500 + opening for fixtures 700= 2,200

olomoda1
4 months ago

how?

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