Post Utme Al Hikmah University 2023 Accounting Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2023 Accounting Objective / Multiple Choice
Question 24 POST_UTME_AL-HIKMAH_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: | Assets | ₦ | Liabilities | ₦ | | --- | --- | --- | --- | | Cash | 10,000 | Bank Loan | 20,000 | | Debtors | 30,000 | Share Capital | 50,000 | | Stock | 40,000 | Retained Earnings | 10,000 | | Total | 80,000 | Total | 90,000 | What is the amount of the company's share capital?

Answer Options

Correct Answer A. ₦50,000
B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Al Hikmah University 2023 Accounting Question 24. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Accounting examination.

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