Post Utme Lasu 2024 Commerce Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Lasu Commerce examination.

Post Utme Lasu 2024 Commerce Objective / Multiple Choice
Question 12 POST_UTME_LASU • 2024 • COMMERCE • objective

A company has a sole proprietorship business with an initial investment of ₦100,000. The business generates a profit of ₦50,000 in the first year. What is the owner's equity at the end of the first year?

Answer Options

Correct Answer A. ₦150,000
B. ₦120,000
C. ₦110,000
D. ₦130,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Lasu 2024 Commerce Question 12. It is one of the objective questions from the 2024 Post Utme Lasu Commerce examination.

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