Post Utme Al Hikmah University 2018 Accounting Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2018 Accounting Objective / Multiple Choice
Question 28 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trial balance shows the following balances: Debtors: ₦150,000 Creditors: ₦100,000 Capital: ₦500,000 Profit: ₦200,000 What is the total equity of the company?

Answer Options

A. ₦850,000
B. ₦950,000
Correct Answer C. ₦1,050,000
D. ₦1,150,000
Correct Answer
C
Correct Option:
₦1,050,000

About This Question

This is Post Utme Al Hikmah University 2018 Accounting Question 28. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Accounting examination.

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