Post Utme Caleb University 2018 Accounting Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2018 Accounting Objective / Multiple Choice
Question 37 POST_UTME_CALEB_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's balance sheet as at 31 December 20X8 is as follows: | Assets | ₦ | Liabilities | ₦ | Capital | ₦ | | --- | --- | --- | --- | --- | | Cash | 5,000 | Debentures | 10,000 | | 20,000 | | Stock | 30,000 | Bank Loan | 15,000 | | | | Debtors | 20,000 | Creditors | 8,000 | | | | | | | | | | | | 55,000 | | | 20,000 | 20,000 | What is the amount of the company's capital?

Answer Options

Correct Answer A. ₦20,000
B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Caleb University 2018 Accounting Question 37. It is one of the objective questions from the 2018 Post Utme Caleb University Accounting examination.

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