Waec Model Questions Vol1 2021 Financial Accounting Question 16

Practice objective / multiple choice question 16 from the 2021 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2021 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 16 WAEC_MODEL_QUESTIONS_VOL1 • 2021 • FINANCIAL_ACCOUNTING • objective

A business has total assets of ₦150,000 and owner's equity of ₦45,000. What is the amount of its liabilities?

Answer Options

A. 115000
B. 150000
Correct Answer C. 105000
D. 95000
Correct Answer
C
Correct Option:
105000

About This Question

This is Waec Model Questions Vol1 2021 Financial Accounting Question 16. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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