Post Utme Christopher University 2020 Accounting Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2020 Accounting Objective / Multiple Choice
Question 38 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 shows a non-current liability of ₦3,000,000 and a current liability of ₦2,000,000. The company's equity as at 31st December 2021 was ₦1,000,000. Calculate the company's total equity as at 31st December 2022.

Answer Options

A. ₦4,000,000
Correct Answer B. ₦5,000,000
C. ₦6,000,000
D. ₦7,000,000
Correct Answer
B
Correct Option:
₦5,000,000

About This Question

This is Post Utme Christopher University 2020 Accounting Question 38. It is one of the objective questions from the 2020 Post Utme Christopher University Accounting examination.

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