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BECE Business Studies 2025 Objective — Question 34

Question 34 of 120 from the Basic Education Certificate Examination (Junior WAEC) (BECE) Business Studies 2025 Objective paper, with the correct answer and a full explanation.

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(Cash 120,000; Debtors 6,000; Creditors 2,000; Furniture 120,000; Land 600,000; Motor vehicle 450,000) The amount of fixed assets is ____.

  • A. ₦1,500,000
  • B. ₦1,470,000
  • C. ₦1,370,000
  • D. ₦1,270,000

Explanation

120,000 + 600,000 + 450,000 = 1,170,000.

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