Post Utme Lasu 2022 Accounting Question 22

Practice objective / multiple choice question 22 from the 2022 Post Utme Lasu Accounting examination.

Post Utme Lasu 2022 Accounting Objective / Multiple Choice
Question 22 POST_UTME_LASU • 2022 • ACCOUNTING • objective

A company's balance sheet as at 31st December, 2022 is as follows: Cash ₦ 20,000, Accounts Receivable ₦ 30,000, Inventory ₦ 40,000, Prepaid Rent ₦ 15,000, Property, Plant and Equipment ₦ 80,000, Total Assets ₦ 185,000. Prepare the company's statement of stockholders' equity for the year ended 31st December, 2022.

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 Lasu 2022 Accounting Question 22. It is one of the objective questions from the 2022 Post Utme Lasu Accounting examination.

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