Waec Model Questions Vol1 2025 Financial Accounting Question 17

Practice objective / multiple choice question 17 from the 2025 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2025 Financial Accounting Objective / Multiple Choice Medium Difficulty
Question 17 WAEC_MODEL_QUESTIONS_VOL1 • 2025 • FINANCIAL_ACCOUNTING • objective

A business has total assets of ₦1,200,000 and total liabilities of ₦800,000. If the owner decides to withdraw ₦100,000 from the business, what will be the new owner's equity after the withdrawal?

Answer Options

Correct Answer A. ₦300,000
B. ₦500,000
C. ₦200,000
D. ₦400,000
Correct Answer
A
Correct Option:
₦300,000

About This Question

This is Waec Model Questions Vol1 2025 Financial Accounting Question 17. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Medium .

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