Post Utme Afe Babalola University 2025 Accounting Question 16
Practice objective / multiple choice question 16 from the 2025 Post Utme Afe Babalola 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 ₦150,000, ₦50,000, and ₦100,000, respectively. During the year, the company purchased equipment for ₦80,000 and sold goods worth ₦120,000. The company's net income for the year was ₦60,000. Prepare the company's statement of changes in equity for the year.
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About This Question
This is Post Utme Afe Babalola University 2025 Accounting Question 16. It is one of the objective questions from the 2025 Post Utme Afe Babalola University Accounting examination.
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