Use the following information to answer the given questio...
Use the following information to answer the given question
N10,000 ordinary shares of N1 eachN10,0005,000 5% preference shares of N1 eachN5,000Profit and loss accountN8,0008% debenture10,000creditors3,000Bank overdraft2,000Plants and machinery10,000Plant and machinery10,000Furniture and fittings8,000stock8,000debtors5,000
What is the total amount of fixed assets?
N28,000
N21,000
N18,000
N13,000
N10,000
Correct answer is E
No explanation has been provided for this answer.
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