Home / Aptitude Tests / Accounting / 1/1/2010 31/12/2010 ...

1/1/2010 31/12/2010
Creditors - #9,000 #9,800

1/1/2010 31/12/2010
Creditors - #9,000 #9,800
Rent owing - #3,800 #2,500
Rates prepaid - #2,000 #3,500
Motor van - #8,000 #8,000
Premises - #10,000 #10,500

Find the opening capital.

A.

#5,700

B.

#7,700

C.

#9,800

D.

#14,900

View answer & explanation

Correct answer is B

No explanation has been provided for this answer.

See all Accounting questions & answers
See more JAMB questions & answers
Similar Questions

The document which contains the internal regulations of a limited liability company is the  ...

On 1/7/07, a trader owed wages of Le 2,000. During the year ended 30/6/08, wages of Le, 2,400 were o...

Motor Vehicle Account as at 31st December 2001. Debit: Jan. 1, cost ................N1950 000 Dec...

The net book value of the machine as at 31st December 2017 was ...

Partly manufactured goods are treated in the balance sheet of a manufacturing company as ...

Determine the closing stock under LOFO method ...

Working capital is measured by the excess of ...

Pending the location of error, the difference disclosed in the trial balance is normally posted to ...

Th major feature of an invoice is that, it? ...

Alabede (NIG) limited issued 50 000 ordinary shares of N1 each at a market value of N2.50 each. the ...

Aptitude Tests

Data Interpretation Questions and Answers

Typing Speed and Accuracy Test

Spatial Reasoning Questions and Answers

Logical Reasoning Questions and Answers

Situational Judgement Questions and Answers

Numerical Reasoning Questions and Answers

Abstract Reasoning Questions and Answers

Microsoft Office Questions and Answers

Personality Test

Verbal Reasoning Questions and Answers

Puzzles Questions and Answers

Quantitative Reasoning Questions and Answers

Nigeria General Knowledge Questions and Answers

See all →