JAMB Principles of Accounts 1995 Question 19

The following is a draft balance sheet as at 31/12/92 (Cost; Accumulated Depreciation; Net):
Fixed Assets (Tan.): ₦200 000; ₦100 000; ₦100 000
Current Assets:
Stock in trade ₦10 000
Trade debtors ₦4 500
Cash at bank ₦22 800
Cash in hand ₦9 700
Trade creditors ?
Capital ?
Trade creditors account was maintained at 25% of the capital.
What was the balance in the capital account as at 31/12/92?

1. A.₦76 000
2. B.₦83 000
3. C.₦117 600
4. D.₦117 650.