Use the information below to answer question Given: 31/12/98 31/12/99 Assets: Plant and Mach. ₦1,500 ₦1,200 Fixtures ₦700 ₦520 Stock ₦500 ₦600 Debtors ₦900 ...

Assessment: JAMB UTME - Principles of Accounts - 2001 Subject: Financial Accounting

Question 1 Report

Use the information below to answer question

Given: 31/12/98 31/12/99

Assets: Plant and Mach. ₦1,500 ₦1,200

Fixtures ₦700 ₦520

Stock ₦500 ₦600

Debtors ₦900 ₦400

Cash ₦200 ₦300

Liabilities: Creditor ₦500 ₦600

Loan ₦600 ₦400What is the capital from the opening balance sheet?

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