Given: Liabilities..............N23,700 Current assets...........N20,300 Fixed assets.............N64,500 What is the capital introduced by the proprietor?

JAMB 2005

Given:

Liabilities..............N23,700
Current assets...........N20,300
Fixed assets.............N64,500

What is the capital introduced by the proprietor?

A. N40,800
B. N61,100
C. N88,200
D. N108 500

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Correct Answer: Option B

Explanation

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