Accounting JAMB

If the assets and liabilities of a firm were valued at N17200 and N5120 respectively; the capital of the firm would be?
If the assets and liabilities of a firm were valued at N17200 and N5120 respectively; the capital of the firm would be?If the assets and liabilities of a firm were valued at N17200 and N5120 respectively; the capital of the firm would be?

A. N22 320
B. N17 200
C. N12 080
D. 5 120

Correct Answer:

Option C – N12 080

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