Post Utme Covenant University 2023 Accounting Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2023 Accounting Objective / Multiple Choice
Question 23 POST_UTME_COVENANT_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's balance sheet shows the following balances: Cash ₦10,000, Accounts Payable ₦20,000, Common Stock ₦50,000. What is the total equity of the company?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Covenant University 2023 Accounting Question 23. It is one of the objective questions from the 2023 Post Utme Covenant University Accounting examination.

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