Post Utme Christopher University 2022 Accounting Question 31

Practice objective / multiple choice question 31 from the 2022 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2022 Accounting Objective / Multiple Choice
Question 31 POST_UTME_CHRISTOPHER_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: | Assets | ₦ | Liabilities | ₦ | | --- | --- | --- | --- | | Cash | 10,000 | Share Capital | 50,000 | | Bank | 20,000 | Profit & Loss | 30,000 | | Debtors | 15,000 | | | | Creditors | 5,000 | | | | | | | | Calculate the total amount of equity in the company.

Answer Options

A. ₦45,000
Correct Answer B. ₦50,000
C. ₦55,000
D. ₦60,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

This is Post Utme Christopher University 2022 Accounting Question 31. It is one of the objective questions from the 2022 Post Utme Christopher University Accounting examination.

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