The following was extracted from the books of MEGA COMPANY NIG. LTD ₦ Trade debtors 350,000 Fixtures and fittings 600,000 Cash at bank 25,000 Cash in hand 5...

Assessment: JAMB UTME - Principles of Accounts - 2023 Subject: Financial Accounting

Question 1 Report

The following was extracted from the books of MEGA COMPANY NIG. LTD

₦
Trade debtors 350,000
Fixtures and fittings 600,000
Cash at bank 25,000
Cash in hand 5,500
Trade creditors 116,500
Bank overdraft 7,500
Building 950,000
Motor van 35,000

The working capital of the company is

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