WAEC Financial Accounting 1992 Question 4

The following balances were extracted from the books of XYZ Co. Ltd.
Goodwill: ₦20,000
Other Fixed Assets: ₦400,000
Stock: ₦10,000
Debtors: ₦30,000
Provision for bad debts: ₦5,000
Bank balance: ₦10,000
Sundry Creditors: ₦25,000
Accrued expenses: ₦5,000
Bills payable: ₦2,000
Provision for depreciation: ₦90,000

The total Net Assets is

1. A.₦465,000
2. B.₦433,000
3. C.₦375,000
4. D.₦348,000
5. E.₦343,000