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Use the information below to answer question . .........................31 Dec. ...

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?
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  • A N20 600
  • B N15 200
  • C N13 800
  • D N11 600
Correct Answer: Option B
Explanation:

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