Motor: ₦10 000 Fixtures: ₦5 000 Cash: ₦2 500 Creditors: ₦7 000 Loan: ? LOAN IS 30% OF CREDITORS. What is the capital balance?

Assessment: JAMB UTME - Principles of Accounts - 2006 Subject: Financial Accounting

Question 1 Report

Motor: ₦10 000
Fixtures: ₦5 000
Cash: ₦2 500
Creditors: ₦7 000
Loan: ?

LOAN IS 30% OF CREDITORS.

What is the capital balance?

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