Use the information below to answer the question.
…………………….31 Dec. 05……..31 Dec. 06
Total fixed assets………N7 800…………N6 600
Total current assets…….N12 100…………N17800
Total current liabilities..N4 700…………N3 800
Drawings for 2006 is N5 200.
Determine the capital balance as of Dec. 31, 2005?
- A.
N20 600 - B.
N15 200 - C.
N13 800 - D.
N11 600