Use the information below to answer question .
.........................31 Dec. 05........31 Dec. 06
Total fixed assets.........N7 800............N6 600
Total current assets.......N12 100............N17800
Total current liabilities..N4 700............N3 800
Drawings for 2006 is N5 200.
Determine the capital balance as at Dec. 31,2005?
a
N20 600
b
N15 200
c
N13 800
d
N11 600
Explanation
Correct Option
bNo explanation available
Video Explanation
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