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JAMB Accounting 2007 Objective — Question 38

Question 38 of 46 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2007 Objective paper, with the correct answer and a full explanation.

What will be the equity of the business?

A. #12,800
B. #4,900
C. #8,200Correct
D. #9,500

Explanation

Equity = Capital - Loss = 10,500 - 2,300 = #8,200.

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