Post Utme Caleb University 2023 Accounting Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2023 Accounting Objective / Multiple Choice
Question 23 POST_UTME_CALEB_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trial balance has the following accounts: Accounts Payable ₦100,000, Accounts Receivable ₦50,000, and Common Stock ₦500,000. What is the total equity of the company?

Answer Options

A. ₦550,000
Correct Answer B. ₦600,000
C. ₦650,000
D. ₦700,000
Correct Answer
B
Correct Option:
₦600,000

About This Question

This is Post Utme Caleb University 2023 Accounting Question 23. It is one of the objective questions from the 2023 Post Utme Caleb University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support