JAMB Accounts Principles of Accounts 2023 Paper

Concept:Capital in a Statement of Affairs is the excess of total assets over total liabilities.Explanation:From Danladi Bako's Statement of Affairs as at 30/06/17, list the total assets and total liabilities.Apply the accounting equation:$$Capital = Total\ Assets - Total\ Liabilities$$Substitute the figures from the statement to compute the capital.The computed value equals the given amount in the options.Answer:₦60,650 (Option D).