Danladi Bako's Statement of Affairs as at 30/06/17 ₦ ₦ Capital ?? Fixtures and fittings 4,000 Stock 20,500 Sundry debtors 40,000 Creditors 18,000 Bank ?? 78...

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

Question 1 Report

Danladi Bako's Statement of Affairs as at 30/06/17

₦ ₦
Capital ?? Fixtures and fittings 4,000
Stock 20,500
Sundry debtors 40,000
Creditors 18,000 Bank ??
78650 78650

What is the value of Dalandi Bako's capital?

Answer Details
The capital is calculated as the difference between total assets and total liabilities. Therefore, the correct answer is ₦60,650.

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