Post Utme Greenfield University 2020 Accounting Question 26

Practice objective / multiple choice question 26 from the 2020 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2020 Accounting Objective / Multiple Choice
Question 26 POST_UTME_GREENFIELD_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the single entry system of accounting. The company's cash account shows a debit balance of ₦150,000. The company's assets have increased by ₦200,000, and its liabilities have increased by ₦100,000. What is the amount of the company's capital?

Answer Options

A. ₦50,000
B. ₦150,000
Correct Answer C. ₦250,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Greenfield University 2020 Accounting Question 26. It is one of the objective questions from the 2020 Post Utme Greenfield University Accounting examination.

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