Post Utme Achievers University 2019 Accounting Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2019 Accounting Objective / Multiple Choice
Question 35 POST_UTME_ACHIEVERS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's ledger shows the following account balances: Cash 10,000, Accounts Payable 5,000, and Sales Revenue 20,000. What is the total amount of equity on the balance sheet?

Answer Options

A. 25,000
B. 30,000
C. 35,000
Correct Answer D. 40,000
Correct Answer
D
Correct Option:
40,000

About This Question

This is Post Utme Achievers University 2019 Accounting Question 35. It is one of the objective questions from the 2019 Post Utme Achievers University Accounting examination.

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