Post Utme Bsu 2021 Accounting Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Bsu Accounting examination.

Post Utme Bsu 2021 Accounting Objective / Multiple Choice
Question 24 POST_UTME_BSU • 2021 • ACCOUNTING • objective

A company's financial statements show the following balances: Trading Profit ( ₦ 100,000 ), Non-Current Assets ( ₦ 500,000 ), Current Liabilities ( ₦ 200,000 ). Determine the correct balance for the company's Equity account.

Answer Options

A. ( ₦ 300,000 )
B. ( ₦ 400,000 )
Correct Answer C. ( ₦ 500,000 )
D. ( ₦ 600,000 )
Correct Answer
C
Correct Option:
( ₦ 500,000 )

About This Question

This is Post Utme Bsu 2021 Accounting Question 24. It is one of the objective questions from the 2021 Post Utme Bsu Accounting examination.

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