Use the following information to answer the given question

Furniture and Fittings ………………………………………. #15,000

Land and building ……………………………………………… #40,000

Motor Vehicles …………………………………………………….. #25,000

Stock …………………………………………………………………….. #10,000

Debtors …………………………………………………………………. #27,000

Cash in hand …………………………………………………………. #2,000

Bank overdraft …………………………………………………….. #17,500

Profit and loss b/d ……………………………………………….. #28,000

Rent owing ……………………………………………………………. #800

Sundry creditors ………………………………………………….. #22,000

 

The opening capital is

A. N52,2000

B. N51,200

C. N48,300

D. N39,500

E. N28,000

Correct Answer: Option B

B. N51,200