WAEC Financial Accounting 1991 (August) Question 19

Use the following information:
Goodwill: Dr ₦10,000
Plant and Machinery: Dr ₦32,000
Freehold premises: Dr ₦50,000
Stock: Dr ₦15,000
Debtors: Dr ₦12,500
Cash in bank: Dr ₦7,500
Cash in hand: Dr ₦2,000
Profit and Loss Account: Cr ₦34,000
Accrued rent: Cr ₦500
Sundry creditors: Cr ₦9,500
Capital: Cr (figure not given)
Totals: ₦129,000, ₦129,000

The value of working capital is

1. A.₦27,000
2. B.₦25,000
3. C.₦24,500
4. D.₦18,000
5. E.₦14,500.