Post Utme Aaua 2018 Accounting Question 40

Practice objective / multiple choice question 40 from the 2018 Post Utme Aaua Accounting examination.

Post Utme Aaua 2018 Accounting Objective / Multiple Choice
Question 40 POST_UTME_AAUA • 2018 • ACCOUNTING • objective

A company's balance sheet as at 31st December, 2022 is as follows: Assets: ₦ 100,000 Cash ₦ 120,000 Office Equipment Liabilities: ₦ 80,000 Accounts Receivable 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 40. It is one of the objective questions from the 2018 Post Utme Aaua Accounting examination.

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