Post Utme Aaua 2018 Accounting Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Aaua Accounting examination.

Post Utme Aaua 2018 Accounting Objective / Multiple Choice
Question 38 POST_UTME_AAUA • 2018 • ACCOUNTING • objective

A company's balance sheet as at 31st December, 2022 is as follows: Assets: ₦ 50,000 Cash ₦ 60,000 Office Equipment ₦ 70,000 Accounts Payable Liabilities: ₦ 30,000 Accounts Receivable ₦ 40,000 Salaries Expense What is the total amount of equity of the company?

Answer Options

A. ₦ 20,000
B. ₦ 30,000
C. ₦ 40,000
Correct Answer D. ₦ 50,000
Correct Answer
D
Correct Option:
₦ 50,000

About This Question

This is Post Utme Aaua 2018 Accounting Question 38. It is one of the objective questions from the 2018 Post Utme Aaua Accounting examination.

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