Post Utme Ims U 2024 Accounting Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Ims U Accounting examination.

Post Utme Ims U 2024 Accounting Objective / Multiple Choice
Question 33 POST_UTME_IMS_U • 2024 • ACCOUNTING • objective

A company prepares a balance sheet as of December 31. The following accounts are listed: Cash 10,000, Accounts Receivable 20,000, Inventory 30,000, Total Assets 60,000. What is the total equity of the company?

Answer Options

A. 20,000
B. 30,000
C. 40,000
Correct Answer D. 50,000
Correct Answer
D
Correct Option:
50,000

About This Question

This is Post Utme Ims U 2024 Accounting Question 33. It is one of the objective questions from the 2024 Post Utme Ims U Accounting examination.

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