Use the information below to answer this question  
                                          ₦
Total current assets        2000
Total fixed assets           4000
Current liabilities            1200
Drawings                         200
Long term loan              2000

Calculate the capital of the business.

UPGRADED_IQ

4 years ago

CAPITAL=TOTAL ASSET-CURRENT LIABILITIES
(total fixed asset +total current asset) -(current liabilities+loans)

=6000-(1200+2000)
=6000-3200
=2800
NOTE:CAPITAL+DRAWINGS
=2800+200
=3000

olamilekanopoola

4 years ago

The selected answes is wrong

Makas76

3 years ago

How come????