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Use of following information to answer questions below      D Motor vehicle  500000 Stock   35000...

Accounts - Principles of Accounts
WAEC 2022

Use of following information to answer questions below

     D

Motor vehicle

 500000

Stock

  35000

Debtors

 18000

Cash

 12850

Bank overdraft

 280000

Creditors

  21500

The capital is

  • A. D 867,350
  • B. D 544,350
  • C. D 264,350
  • D. D 832,350
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Correct Answer: Option C
Explanation


Capital = Total Asset - Total Liabilities

= ( 500,000 + 35,000 + 18,000 +12,850) - (280,000 + 21,500)

= 264,350

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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