Post Utme Lasu 2020 Accounting Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Lasu Accounting examination.

Post Utme Lasu 2020 Accounting Objective / Multiple Choice
Question 23 POST_UTME_LASU • 2020 • ACCOUNTING • objective

A company's profit and loss account shows a profit of ₦0.50. The company's balance sheet shows an increase in the equity of ₦0.50. What is the correct balance of the company's equity?

Answer Options

A. ₦0.50
B. ₦1,000
Correct Answer C. ₦1,000.50
D. ₦1,001.50
Correct Answer
C
Correct Option:
₦1,000.50

About This Question

This is Post Utme Lasu 2020 Accounting Question 23. It is one of the objective questions from the 2020 Post Utme Lasu Accounting examination.

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