Post Utme Joseph Ayo Babalola University 2017 Accounting Question 30

Practice objective / multiple choice question 30 from the 2017 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2017 Accounting Objective / Multiple Choice
Question 30 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • ACCOUNTING • objective

A government agency prepares its financial statements for the year ended December 31, 2022. The statement of financial position shows a total assets of ₦ 500,000, and the statement of cash flows shows a net cash inflow of ₦ 200,000. What is the total equity for the year?

Answer Options

A. ₦ 300,000
B. ₦ 400,000
Correct Answer C. ₦ 500,000
D. ₦ 600,000
Correct Answer
C
Correct Option:
₦ 500,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Accounting Question 30. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Accounting examination.

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