Ojo's Balance Sheet as at 31st December, 2006 ₦ ₦ Capital 10,000 Land and building 12,000 Drawings 600 Fittings 850 9,400 Motor vans 1,600 Profit 6,200 Cash...

Assessment: JAMB UTME - Commerce - 2009 Subject: Commerce

Question 1 Report

Ojo's Balance Sheet as at 31st December, 2006
₦ ₦
Capital 10,000 Land and building 12,000
Drawings 600 Fittings 850
9,400 Motor vans 1,600
Profit 6,200 Cash 2,150
15,600 Prepayments 700
Creditors 1,800 Debtors 100
17,400 17,400

10% IS CHARGED ON DEPRECIATION OF FIXED ASSETS

Determine the value of Ojo's fixed assets

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