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WAEC Financial Accounting 2025 Question 50

Question 50

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
The net assets of the company is

  1. A.GH¢705,000.
  2. B.GH¢610,000.
  3. C.GH¢400,000.
  4. D.GH¢115,000.
Show the answer and explanation

Answer: B (GH¢610,000.)

Explanation

Fixed assets 495,000 + working capital 115,000 = GH¢610,000.