ACCOUNTING

JAMB 2003 - Question 16

Account 2003 JAMB Past Questions - Question 16: 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 Calculate the value of fixed assets

use the information below to answer the questions 15 and 16
Capital..................N............N........<br>Land and building.......18470........24000....<br>Mortgage on premises...................11090...<br>Drawings...............3000...................<br>Profit and loss........................3600...<br>Furniture and fittings...5120.................<br>Motor Vehicles...........3462................<br>Closing Stock............3000................<br>Debtors..................11474...............<br>Creditors..............................7354.<br>Cash.....................1518................<br>..........................46044.........46044<br> <br>Calculate the value of fixed assets
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

Calculate the value of fixed assets
A:
B:
C:
D:
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Correct Answer

D

Explanation

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