WAEC - Accounts Principles Of Accounts (2022 - No. 16)
Use the information to answer questions below
| Years | Current Assets | Liabilities | Fixed Assets | Capital |
| # | # | # | # | |
| 2018 | 52550 | 78600 | 127450 | X |
| 2017 | 41650 | 53220 | Y | 116780 |
The letter Y represents
#170,000
#128,350
#94,870
#211,650
Explanation
Y (Fixed Assets) = Capital + Liabilities - Current Assets
= 116,780 + 53,220 - 41,650
= 170,000 - 41,650
= 128,350
= 116,780 + 53,220 - 41,650
= 170,000 - 41,650
= 128,350
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