Post Utme Greenfield University 2019 Accounting Question 19

Practice objective / multiple choice question 19 from the 2019 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2019 Accounting Objective / Multiple Choice
Question 19 POST_UTME_GREENFIELD_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following balance sheet: | Asset | Amount | | --- | --- | | Cash | ₦50,000 | | Accounts Receivable | ₦30,000 | | Inventory | ₦40,000 | | Total Assets | ₦120,000 | What is the amount of equity?

Answer Options

A. ₦80,000
B. ₦90,000
C. ₦100,000
Correct Answer D. ₦110,000
Correct Answer
D
Correct Option:
₦110,000

About This Question

This is Post Utme Greenfield University 2019 Accounting Question 19. It is one of the objective questions from the 2019 Post Utme Greenfield University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support