JAMB Accounting 2019 Objective — Question 33
Question 33 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2019 Objective paper, with the correct answer and a full explanation.
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If the assets and liabilities of a firm were valued at ₦17,200 and ₦5,120 respectively, the capital of the firm would be
- A. ₦5,120
- B. ₦12,080Correct
- C. ₦17,200
- D. ₦22,320
Explanation
Capital = assets − liabilities = 17,200−5,120 = ₦12,080.
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