The total assets of Ogo Plc is #16,000 and the liabilities included loan #2,000, creditors…

The total assets of Ogo Plc is #16,000 and the liabilities included loan #2,000, creditors #1,000 and electricity bill #2,000. Calculate the capital owned by the company?
  • A.
    #21,000.00
  • B.
    #18,000.00
  • C.
    #17,000.00
  • D.
    #16,000.00
  • E.
    #11,000.00
Correct Answer: Option E
Explanation
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