BECE Business Studies 2023 Objective — Question 44
Question 44 of 120 from the Basic Education Certificate Examination (Junior WAEC) (BECE) Business Studies 2023 Objective paper, with the correct answer and a full explanation.
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What is the total of Johnson's liability?
- A. ₦11,000
- B. ₦21,000Correct
- C. ₦22,000
- D. ₦26,000
- E. ₦29,000
Explanation
Assets = 18,000 + 2,000 + 22,000 + 5,000 = 47,000. Liabilities = 47,000 - capital 26,000 = ₦21,000.
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