Post Utme Ksu 2025 Accounting Question 17

Practice objective / multiple choice question 17 from the 2025 Post Utme Ksu Accounting examination.

Post Utme Ksu 2025 Accounting Objective / Multiple Choice
Question 17 POST_UTME_KSU • 2025 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2024 shows a current liability of ₦1,000,000 and a non-current liability of ₦2,000,000. The company's equity as at 31st December 2023 was ₦5,000,000. If the company's retained earnings as at 31st December 2023 were ₦2,000,000, calculate the company's total equity as at 31st December 2024.

Answer Options

A. ₦7,000,000
Correct Answer B. ₦8,000,000
C. ₦9,000,000
D. ₦10,000,000
Correct Answer
B
Correct Option:
₦8,000,000

About This Question

This is Post Utme Ksu 2025 Accounting Question 17. It is one of the objective questions from the 2025 Post Utme Ksu Accounting examination.

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