ACCOUNTING
JAMB 2003 - Question 15
Account 2003 JAMB Past Questions - Question 15: Capital..................N............N........Land and building.......18470........24000....Mortgage on premises...................11090...Drawings...............3000...................Profit and loss........................3600...Furniture and fittings...5120.................Motor Vehicles...........3462................Closing Stock............3000................Debtors..................11474...............Creditors..............................7354.Cash.....................1518..........................................46044.........46044 What is the capital employed?
Use the diagram to answer question that follows
Land and building.......18470........24000....
Mortgage on premises...................11090...
Drawings...............3000...................
Profit and loss........................3600...
Furniture and fittings...5120.................
Motor Vehicles...........3462................
Closing Stock............3000................
Debtors..................11474...............
Creditors..............................7354.
Cash.....................1518................
..........................46044.........46044
What is the capital employed?
A:
B:
C:
D:
Correct Answer
C
Explanation
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