JAMB Commerce 2021 Objective — Question 1

Question 1 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2021 Objective paper, with the correct answer and a full explanation.

1. Use the following details to answer question 1 and 2: Land and building 70000, machinery 20000, stock 32000, debtor 2000, cash 4000, creditor 4500. The capital employed in commerce is a. 128,000 b. 90,000 c. 38,000 d. 123,500

A. 128,000Correct
B. 90,000
C. 38,000
D. 123,500

Explanation

Capital employed is the total assets of the business: 70,000+20,000+32,000+2,000+4,000 = 128,000.

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