Post Utme Joseph Ayo Babalola University 2019 Accounting Question 21

Practice objective / multiple choice question 21 from the 2019 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2019 Accounting Objective / Multiple Choice
Question 21 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's trial balance shows an error of \pm 500 in the accounts payable account. If the company's total assets are \1,500,000 and its total liabilities are \800,000, what is the correct amount of the company's equity?

Answer Options

Correct Answer A. \700,000
B. \800,000
C. \900,000
D. \1,000,000
Correct Answer
A
Correct Option:
\700,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2019 Accounting Question 21. It is one of the objective questions from the 2019 Post Utme Joseph Ayo Babalola University Accounting examination.

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