Post Utme Bsu 2022 Accounting Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Bsu Accounting examination.

Post Utme Bsu 2022 Accounting Objective / Multiple Choice
Question 23 POST_UTME_BSU • 2022 • ACCOUNTING • objective

A company's balance sheet shows the following accounts: Cash ₦500,000, Accounts Payable ₦200,000, Common Stock ₦1,000,000, and Retained Earnings ₦300,000. What is the total equity of the company?

Answer Options

Correct Answer A. ₦1,800,000
B. ₦1,500,000
C. ₦1,200,000
D. ₦1,000,000
Correct Answer
A
Correct Option:
₦1,800,000

About This Question

This is Post Utme Bsu 2022 Accounting Question 23. It is one of the objective questions from the 2022 Post Utme Bsu Accounting examination.

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