Use the following information to answer the given question
(begin{array}{c|c} & N\ hline text{Motor Van} & 120,000\ text{Buildings} & 300,000 \ text{Stock of goods} & 40,000end{array})
In addition, he had cash ofN60,000 out of which N20,000 was borrowed from a friend.
The liabilities of the business amount to
(begin{array}{c|c} & N\ hline text{Motor Van} & 120,000\ text{Buildings} & 300,000 \ text{Stock of goods} & 40,000end{array})
In addition, he had cash ofN60,000 out of which N20,000 was borrowed from a friend.
The liabilities of the business amount to
-
A.
N80,000 -
B.
N60,000 -
C.
N40,000 -
D.
N20,000