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WAEC Financial Accounting 2025 Question 49

Question 49

Company Accounts

Use the following information to answer questions 48 to 50
Ordinary shares: GH¢130,000
Fixed assets: GH¢495,000
Current assets: GH¢210,000
Income surplus: GH¢225,000
Current liabilities: GH¢95,000
Total shareholders fund is

  1. A.GH¢370,000.
  2. B.GH¢355,000.
  3. C.GH¢317,000.
  4. D.GH¢130,000.
Show the answer and explanation

Answer: B (GH¢355,000.)

Explanation

Ordinary shares 130,000 + income surplus 225,000 = GH¢355,000.