Post Utme Covenant University 2025 Accounting Question 9

Practice objective / multiple choice question 9 from the 2025 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2025 Accounting Objective / Multiple Choice
Question 9 POST_UTME_COVENANT_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's balance sheet as at 31st December 20XX shows the following: | Assets | ₦ | | --- | --- | | Current assets | 50,000 | | Non-current assets | 100,000 | | Total assets | 150,000 | | Liabilities | ₦ | | --- | --- | | Current liabilities | 20,000 | | Non-current liabilities | 80,000 | | Total liabilities | 100,000 | What is the amount of shareholders' funds?

Answer Options

A. ₦50,000
B. ₦60,000
C. ₦70,000
Correct Answer D. ₦80,000
Correct Answer
D
Correct Option:
₦80,000

About This Question

This is Post Utme Covenant University 2025 Accounting Question 9. It is one of the objective questions from the 2025 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.

Unlock Full Access Available for Android & Windows
Chat with Support