Post Utme Futa 2018 Accounting Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Futa Accounting examination.

Post Utme Futa 2018 Accounting Objective / Multiple Choice
Question 38 POST_UTME_FUTA • 2018 • ACCOUNTING • objective

A company's ledger shows the following balances: Cash ₦50,000, Accounts Payable ₦20,000, and Common Stock ₦30,000. What is the company's total equity?

Answer Options

A. ₦40,000
B. ₦50,000
Correct Answer C. ₦60,000
D. ₦70,000
Correct Answer
C
Correct Option:
₦60,000

About This Question

This is Post Utme Futa 2018 Accounting Question 38. It is one of the objective questions from the 2018 Post Utme Futa Accounting examination.

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