Post Utme Ims U 2020 Accounting Question 27

Practice objective / multiple choice question 27 from the 2020 Post Utme Ims U Accounting examination.

Post Utme Ims U 2020 Accounting Objective / Multiple Choice
Question 27 POST_UTME_IMS_U • 2020 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦500,000, Accounts Receivable ₦200,000, Common Stock ₦1,000,000, Retained Earnings ₦750,000. What is the total equity?

Answer Options

Correct Answer A. ₦1,750,000
B. ₦2,250,000
C. ₦2,500,000
D. ₦3,000,000
Correct Answer
A
Correct Option:
₦1,750,000

About This Question

This is Post Utme Ims U 2020 Accounting Question 27. It is one of the objective questions from the 2020 Post Utme Ims U Accounting examination.

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