The letter Y represents?

By: |Published on: Jan 6|Categories: Accounting WAEC| 0 comments

Use the information to answer the question below

Years Current Assets Liabilities Fixed Assets Capital
# # # #
2018 52550 78600 127450 X
2017 41650 53220 Y 116780

 

A. #170,000
B. #128,350
C. #94,870
D. #211,650

Correct Answer:

Option B = #128,350

Explanation

Y (Fixed Assets) = Capital + Liabilities – Current Assets

= 116,780 + 53,220 – 41,650

= 170,000 – 41,650

= 128,350

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