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Use the information to answer questions below Years Current Assets Liabilities Fixed Assets Capital  ...

Accounts - Principles of Accounts
WAEC 2022

Use the information to answer questions below

Years Current Assets Liabilities Fixed Assets Capital
  # # # #
2018 52550 78600 127450 X
2017 41650 53220 Y 116780

 



The letter X represents

  • A. #78,600
  • B. #180,000
  • C. #101,400
  • D. #258,600
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Correct Answer: Option C
Explanation

X (Capital) = Total Assets - Total Liabilities

= (52,550 + 127,450) - 78,600

= 180,000 - 78,600

= 101,400


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