Post Utme Elizade University 2018 Accounting Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2018 Accounting Objective / Multiple Choice
Question 18 POST_UTME_ELIZADE_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's balance sheet shows the following: | Assets | ₦ | Liabilities | ₦ | Capital | ₦ | | --- | --- | --- | --- | --- | --- | | Cash | 1,000 | Debentures | 10,000 | | | | Bank | 5,000 | Loans | 8,000 | | | | Stock | 12,000 | | | | | | | | | | | | What is the amount of capital?

Answer Options

A. ₦18,000
B. ₦20,000
C. ₦22,000
Correct Answer D. ₦24,000
Correct Answer
D
Correct Option:
₦24,000

About This Question

This is Post Utme Elizade University 2018 Accounting Question 18. It is one of the objective questions from the 2018 Post Utme Elizade University Accounting examination.

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