WAEC Accounting 2022 Objective — Question 48
Question 48 of 50 from the West African Examinations Council (WAEC) Accounting 2022 Objective paper, with the correct answer and a full explanation.
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Use the following information to answer questions 48 to 50. D Motor vehicle 500,000 Stock 35,000 Debtors 18,000 Cash 12,850 Bank overdraft 280,000 Creditors 21,500 The capital is
- A. D867,350
- B. D832,350
- C. D544,350
- D. D264,350Correct
Explanation
Capital = Total assets − Total liabilities = (500,000+35,000+18,000+12,850) − (280,000+21,500) = 565,850 − 301,500 = D264,350.
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