Post Utme Caleb University 2018 Accounting Question 10
Practice objective / multiple choice question 10 from the 2018 Post Utme Caleb University Accounting examination.
A company's balance sheet as at 31st December 2022 is as follows: Assets: Cash: ₦500,000 Accounts receivable: ₦200,000 Inventory: ₦300,000 Prepaid rent: ₦50,000 Equipment: ₦100,000 Accumulated depreciation: ₦20,000 Total assets: ₦1,260,000 Liabilities: Accounts payable: ₦150,000 Salaries payable: ₦30,000 Taxes payable: ₦20,000 Total liabilities: ₦200,000 What is the total amount of equity?
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This is Post Utme Caleb University 2018 Accounting Question 10. It is one of the objective questions from the 2018 Post Utme Caleb University Accounting examination.
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