Question on: JAMB Accounting - 2018
A
₦7000
B
₦10000
C
₦22000
D
₦15000
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Correct Option: D
Capital employed is calculated as:
- Capital Employed = Fixed Assets + Current Assets - Current Liabilities
From the image:
- Fixed Assets = ₦15,000
- Current Assets = ₦12,000
- Current Liabilities = ₦12,000 - ₦7,000 = ₦5,000
Therefore, Capital Employed = ₦15,000 + ₦12,000 - ₦12,000 + ₦7,000 = ₦15,000
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