Post Utme Greenfield University 2020 Accounting Question 13

Practice objective / multiple choice question 13 from the 2020 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2020 Accounting Objective / Multiple Choice
Question 13 POST_UTME_GREENFIELD_UNIVERSITY • 2020 • ACCOUNTING • objective

A company prepares its final accounts for the year. The trading account shows a profit of ₦200,000. The profit and loss account shows a profit of ₦250,000. The balance sheet shows a total assets of ₦1,000,000 and total liabilities of ₦500,000. What is the total equity of the company?

Answer Options

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

About This Question

This is Post Utme Greenfield University 2020 Accounting Question 13. It is one of the objective questions from the 2020 Post Utme Greenfield University Accounting examination.

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