Post Utme Achievers University 2018 Accounting Question 16
Practice objective / multiple choice question 16 from the 2018 Post Utme Achievers University Accounting examination.
A company uses the single-entry system of accounting. The company's assets, liabilities, and equity at the beginning of the year were ₦100,000, ₦50,000, and ₦50,000, respectively. During the year, the company purchased equipment for ₦20,000 and sold goods for ₦30,000. The company also declared dividends of ₦10,000. Prepare the company's statement of financial position at the end of the year.
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About This Question
This is Post Utme Achievers University 2018 Accounting Question 16. It is one of the objective questions from the 2018 Post Utme Achievers University Accounting examination.
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