Post Utme Esut 2025 Accounting Question 34

Practice objective / multiple choice question 34 from the 2025 Post Utme Esut Accounting examination.

Post Utme Esut 2025 Accounting Objective / Multiple Choice
Question 34 POST_UTME_ESUT • 2025 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2024 shows a current liability of ₦200,000. The company's profit and loss account for the year ended 31st December 2024 shows a net profit of ₦750,000. Calculate the company's equity at the beginning of the year.

Answer Options

A. ₦1,250,000
B. ₦1,500,000
Correct Answer C. ₦1,750,000
D. ₦2,000,000
Correct Answer
C
Correct Option:
₦1,750,000

About This Question

This is Post Utme Esut 2025 Accounting Question 34. It is one of the objective questions from the 2025 Post Utme Esut Accounting examination.

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