Question 19
UTME
•
2023
•
COMMERCE
•
objective
TABLE
-
Bola's Balance Sheet
Use the information below to answer questions 19 and 20.
\( \text{Bola's Balance Sheet as at 31st December, 2006} \)
\(
\begin{array}{l r | l r}
\hline
& \mathbb{N} & & \mathbb{N} \\
\text{Capital} & 10,000 & \text{Land and building} & 12,000 \\
\text{Drawings} & \underline{600} & \text{Fittings} & 850 \\
& 9,400 & \text{Motor vans} & 1,600 \\
\text{Profit} & \underline{6,200} & \text{Cash} & 2,150 \\
& 15,600 & \text{Prepayments} & 700 \\
\text{Creditors} & \underline{1,800} & \text{Debtors} & \underline{100} \\ \hline
\text{Total} & \underline{\underline{17,400}} & \text{Total} & \underline{\underline{17,400}} \\ \hline
\end{array} \)
10% is charged on depreciation of fixed assets.
Determine the value of Bola's fixed assets.
Answer Options
Correct Answer
A.
₦13,005
B.
₦12,005
C.
₦14,450
D.
₦13,450
About This Question
This is
Utme
2023
Commerce
Question 19.
It is one of the
objective
questions from the
2023
Utme
Commerce
examination.
The question covers
Commerce
.
Difficulty level:
3
.