Use the following information to answer the given...
Use the following information to answer the given question
DRCRNNGoodwill10,000Plant and Machinery32,000Freehold premises50,000stock15,000debtors12,500Cash in bank7,500cash in hand2,000Profit and loss account34,000Accrued rent500Sundry creditors9500Capital¯129,000¯129,000
The capital is
N92,000
N89,500
N85,000
N82,000
N60,000
Correct answer is C
No explanation has been provided for this answer.
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\(\begin{array}{c|c} & N\\ \hline \text{Land and building} & 20,000\\ Stock & 5,000\\ \t...