Post Utme Delsu 2024 Accounting Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Delsu Accounting examination.

Post Utme Delsu 2024 Accounting Objective / Multiple Choice
Question 15 POST_UTME_DELSU • 2024 • ACCOUNTING • objective

A company has the following ledger accounts: Cash ₦100,000, Accounts Payable ₦50,000, Common Stock ₦200,000, and Retained Earnings ₦150,000. What is the total equity of the company?

Answer Options

A. ₦450,000
B. ₦500,000
Correct Answer C. ₦550,000
D. ₦600,000
Correct Answer
C
Correct Option:
₦550,000

About This Question

This is Post Utme Delsu 2024 Accounting Question 15. It is one of the objective questions from the 2024 Post Utme Delsu Accounting examination.

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