Post Utme Ims U 2023 Accounting Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Ims U Accounting examination.

Post Utme Ims U 2023 Accounting Objective / Multiple Choice
Question 27 POST_UTME_IMS_U • 2023 • ACCOUNTING • objective

A company has two departments, A and B, with the following balance sheets (in ₦'000): Department A: Assets: ₦1,500, ₦2,000, ₦3,000 Liabilities: ₦1,000, ₦1,500 Department B: Assets: ₦2,500, ₦3,500, ₦4,000 Liabilities: ₦2,000, ₦3,000 What is the total equity of the company?

Answer Options

A. ₦6,000
B. ₦7,000
Correct Answer C. ₦8,000
D. ₦9,000
Correct Answer
C
Correct Option:
₦8,000

About This Question

This is Post Utme Ims U 2023 Accounting Question 27. It is one of the objective questions from the 2023 Post Utme Ims U 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