Post Utme Covenant University 2023 Accounting Question 20
Practice objective / multiple choice question 20 from the 2023 Post Utme Covenant University Accounting examination.
A company uses the trial balance method to prepare its financial statements. The company's trial balance as at 31st December 2022 shows the following balances: Cash 10,000, Accounts Payable 5,000, Common Stock 20,000, and Retained Earnings 15,000. What is the company's total equity as at 31st December 2022?
Answer Options
About This Question
This is Post Utme Covenant University 2023 Accounting Question 20. It is one of the objective questions from the 2023 Post Utme Covenant 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.