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Danladi Bako's Statement of Affairs as at 30/06/17     ₦   ₦ Capital ??...

Accounts - Principles of Accounts
JAMB 2023

Danladi Bako's Statement of Affairs as at 30/06/17
 

  ₦  

₦
Capital ?? Fixtures and fittings 4,000
    Stock 20,500
    Sundry debtors 40,000

Creditors

 18,000 Bank ??
  78650   78650

What is the value of Dalandi Bako's capital?

  • A. ₦60,150
  • B. ₦78,650
  • C. ₦50,160
  • D. ₦60,650
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Correct Answer: Option D
Explanation

The capital is calculated as the difference between total assets and total liabilities. Therefore, the correct answer is ₦60,650.

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