Post Utme Lasu 2023 Accounting Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Lasu Accounting examination.

Post Utme Lasu 2023 Accounting Objective / Multiple Choice
Question 18 POST_UTME_LASU • 2023 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022, showed the following: Equity Share Capital: ₦5,000,000; Profit & Loss Account: ₦3,000,000; Reserves: ₦2,000,000. Calculate the total equity of the company.

Answer Options

Correct Answer A. ₦10,000,000
B. ₦10,500,000
C. ₦11,000,000
D. ₦11,500,000
Correct Answer
A
Correct Option:
₦10,000,000

About This Question

This is Post Utme Lasu 2023 Accounting Question 18. It is one of the objective questions from the 2023 Post Utme Lasu Accounting examination.

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