Post Utme Covenant University 2023 Accounting Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2023 Accounting Objective / Multiple Choice
Question 27 POST_UTME_COVENANT_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following ledger balances: Cash 10,000, Accounts Payable 5,000, Common Stock 20,000. What is the total equity of the company?

Answer Options

A. ₦35,000
B. ₦40,000
C. ₦45,000
Correct Answer D. ₦50,000
Correct Answer
D
Correct Option:
₦50,000

About This Question

This is Post Utme Covenant University 2023 Accounting Question 27. It is one of the objective questions from the 2023 Post Utme Covenant University Accounting examination.

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