Post Utme Esut 2022 Accounting Question 34

Practice objective / multiple choice question 34 from the 2022 Post Utme Esut Accounting examination.

Post Utme Esut 2022 Accounting Objective / Multiple Choice
Question 34 POST_UTME_ESUT • 2022 • ACCOUNTING • objective

A company has the following transactions: 1. Issued 10,000 shares at ₦10 per share. 2. Purchased equipment for ₦200,000. 3. Paid dividends of ₦50,000. What is the net effect on the company's equity?

Answer Options

Correct Answer A. ₦150,000
B. ₦200,000
C. ₦250,000
D. ₦300,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Esut 2022 Accounting Question 34. It is one of the objective questions from the 2022 Post Utme Esut Accounting examination.

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