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Wednesday, 08 April 2026
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Given: What is the capital?

Given:
Fixed assetsLiabilitiesCurrent assets ₦55,00020,00013,000



What is the capital?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A ₦88,000
  • B ₦48,000
  • C ₦62,000
  • D ₦55,000
Correct Answer: Option B
Explanation:
Capital = Total Assets - Total liabilities
⇒ 55,000 + 13,000 - 20,000
68,000 - 20,000
₦48,000

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