passwella.
Menu

WAEC Agricultural Science 2026 Question 49

Question 49

Farm Management and Records

The equity of a farmer who has a liability of N200,000.00 and assets of N575,000.00 is

  1. A.N200,000.00
  2. B.N375,000.00
  3. C.N575,000.00
  4. D.N775,000.00
Show the answer and explanation

Answer: B (N375,000.00)

Explanation

Equity = assets − liabilities = 575,000 − 200,000 = N375,000.