Use the following information to answer the given question: Issued capital.................100,000 Ordinary shares................40,000 Preference shares.....

The total of the loan capital of the business is N60,000. In accounting, loan capital refers to the funds raised by a business through the issuance of loans or debentures. In the given information, the business has debentures worth N60,000. Therefore, N60,000 represents the total loan capital of the business. The other items listed in the information such as issued capital, ordinary shares, preference shares, reserves, current, fixed assets, and current assets, do not represent loan capital. Issued capital is the total amount of shares issued by the company, while ordinary and preference shares represent the equity capital raised by the company. Reserves represent the accumulated profits of the company that have not been distributed as dividends. Current and fixed assets represent the assets owned by the company, and current assets represent the short-term assets that can be converted into cash within a year. In summary, the loan capital of the business is represented by the value of debentures, which in this case is N60,000.