Post Utme Covenant University 2024 Accounting Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2024 Accounting Objective / Multiple Choice
Question 20 POST_UTME_COVENANT_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the single-entry system. The company has the following transactions in its journal for the year: Debit: ₦150,000 Credit: ₦120,000 What is the net change in the company's equity for the year?

Answer Options

Correct Answer A. ₦30,000
B. ₦20,000
C. ₦10,000
D. ₦0
Correct Answer
A
Correct Option:
₦30,000

About This Question

This is Post Utme Covenant University 2024 Accounting Question 20. It is one of the objective questions from the 2024 Post Utme Covenant University Accounting examination.

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