The total assets of Ogo Plc is #16,000 and the liabilities included loan #2,000, creditors…

Commerce WAEC 1997

The total assets of Ogo Plc is #16,000 and the liabilities included loan #2,000, creditors #1,000 and electricity bill #2,000. Calculate the capital owned by the company?

  • #21,000.00
  • #18,000.00
  • #17,000.00
  • #16,000.00
  • #11,000.00 checkmark

The correct answer is: E

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