WAEC Financial Accounting 2018 Question 48

Use the following information to answer questions 47 and 48.
Ordinary share capital: Le 70,000
Retained earnings: Le 31,142
Motor vehicle at cost: Le 21,136
Accumulated depreciation-motor vehicle: Le 7,109
Furniture and fittings at cost: Le 1,334
Accumulated depreciation-Furniture of fittings: Le 1,007
Stock: Le 32,200
Debtors: Le 49,380
Bank: Le 15,953
Creditors: Le 11,329
Net book value of fixed assets is

1. A.Le 22,480.
2. B.Le 21,136.
3. C.Le 14,354.
4. D.Le 14,027.