Commerce
JAMB 2021
Use the information below to answer this question
A B C Balance Sheet as at 31/12/2004
₦
Share capital 200,000
Reserves 100,000
Long term liabilities 40,000
Current liabilities 30,000
370,000
|
₦
Fixed assets 180,000
Investment 100,000
Current assets 50,000
Fictitious assets 40,000
370,000
|
The total sum of financing short term projects is
-
A.
₦ 30,000
-
B.
₦200,000
-
C.
₦70,000
-
D.
₦40,000
Correct Answer: Option B
Explanation
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