Post Utme Christopher University 2023 Accounting Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2023 Accounting Objective / Multiple Choice
Question 10 POST_UTME_CHRISTOPHER_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: Equity Share Capital: ₦500,000; Profit & Loss A/c: ₦200,000; Retained Earnings: ₦150,000. Prepare the equity section of the balance sheet.

Answer Options

Correct Answer A. ₦850,000
B. ₦950,000
C. ₦1,050,000
D. ₦1,150,000
Correct Answer
A
Correct Option:
₦850,000

About This Question

This is Post Utme Christopher University 2023 Accounting Question 10. It is one of the objective questions from the 2023 Post Utme Christopher University Accounting examination.

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