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The total assets of Ogo Plc is #16,000 and the liabilities included loan #2,000, creditors...

Commerce
WAEC 1997
The total assets of Ogo Plc is #16,000 and the liabilities included loan #2,000, creditors #1,000 and electricity bill #2,000. Calculate the capital owned by the company?
  • A. #21,000.00
  • B. #18,000.00
  • C. #17,000.00
  • D. #16,000.00
  • E. #11,000.00
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Correct Answer: Option E
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