Post Utme Al Hikmah University 2018 Accounting Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2018 Accounting Objective / Multiple Choice
Question 19 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's balance sheet as at December 31, 2018, showed the following: Cash ₦100,000, Accounts Receivable ₦20,000, Inventory ₦50,000, and Common Stock ₦150,000. Prepare the company's statement of changes in equity for the year ended December 31, 2018.

Answer Options

A. ₦50,000
B. ₦100,000
Correct Answer C. ₦150,000
D. ₦200,000
Correct Answer
C
Correct Option:
₦150,000

About This Question

This is Post Utme Al Hikmah University 2018 Accounting Question 19. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Accounting examination.

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