Post Utme Eksu 2019 Accounting Question 40

Practice objective / multiple choice question 40 from the 2019 Post Utme Eksu Accounting examination.

Post Utme Eksu 2019 Accounting Objective / Multiple Choice
Question 40 POST_UTME_EKSU • 2019 • ACCOUNTING • objective

A company has the following ledger balances: Cash ₦50,000, Accounts Payable ₦20,000, and Common Stock ₦100,000. What is the total equity of the company?

Answer Options

A. ₦170,000
B. ₦180,000
Correct Answer C. ₦190,000
D. ₦200,000
Correct Answer
C
Correct Option:
₦190,000

About This Question

This is Post Utme Eksu 2019 Accounting Question 40. It is one of the objective questions from the 2019 Post Utme Eksu Accounting examination.

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