Post Utme Christopher University 2021 Accounting Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2021 Accounting Objective / Multiple Choice
Question 22 POST_UTME_CHRISTOPHER_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's trial balance shows the following accounts: Debitors ₦50,000, Creditors ₦30,000, Capital ₦100,000, and Profit and Loss Account ₦20,000. What is the correct balance of the company's equity?

Answer Options

A. ₦120,000
Correct Answer B. ₦130,000
C. ₦140,000
D. ₦150,000
Correct Answer
B
Correct Option:
₦130,000

About This Question

This is Post Utme Christopher University 2021 Accounting Question 22. It is one of the objective questions from the 2021 Post Utme Christopher University Accounting examination.

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