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

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?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A #21,000.00
  • B #18,000.00
  • C #17,000.00
  • D #16,000.00
  • E #11,000.00
Correct Answer: Option E
Explanation:

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