Post Utme Bsu 2023 Accounting Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Bsu Accounting examination.

Post Utme Bsu 2023 Accounting Objective / Multiple Choice
Question 29 POST_UTME_BSU • 2023 • ACCOUNTING • objective

A company's trial balance shows an error of ₦5,000 due to an omission of a transaction. The company's assets are ₦200,000, liabilities are ₦80,000, and equity is ₦120,000. What is the correct amount of equity after adjusting for the error?

Answer Options

A. ₦125,000
B. ₦130,000
Correct Answer C. ₦135,000
D. ₦140,000
Correct Answer
C
Correct Option:
₦135,000

About This Question

This is Post Utme Bsu 2023 Accounting Question 29. It is one of the objective questions from the 2023 Post Utme Bsu Accounting examination.

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