Post Utme Aaua 2022 Accounting Question 8
Practice objective / multiple choice question 8 from the 2022 Post Utme Aaua Accounting examination.
A company's balance sheet as at December 31, 2022, showed a current liability of ₦200,000 and a non-current liability of ₦500,000. The company's profit and loss account for the year ended December 31, 2022, showed a net profit of ₦300,000. Calculate the company's equity as at December 31, 2022.
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About This Question
This is Post Utme Aaua 2022 Accounting Question 8. It is one of the objective questions from the 2022 Post Utme Aaua Accounting examination.
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