Post Utme Lautech 2017 Accounting Question 25

Practice objective / multiple choice question 25 from the 2017 Post Utme Lautech Accounting examination.

Post Utme Lautech 2017 Accounting Objective / Multiple Choice
Question 25 POST_UTME_LAUTECH • 2017 • ACCOUNTING • objective

A company's balance sheet as at 31st December, 2022, showed the following: Share Capital ₦1,000,000, Retained Earnings ₦500,000, Non-Current Assets ₦1,500,000, Current Assets ₦1,000,000, Total Assets ₦3,000,000. Prepare the company's statement of changes in equity for the year ended 31st December, 2022.

Answer Options

A. ₦1,500,000
B. ₦2,000,000
C. ₦2,500,000
Correct Answer D. ₦3,000,000
Correct Answer
D
Correct Option:
₦3,000,000

About This Question

This is Post Utme Lautech 2017 Accounting Question 25. It is one of the objective questions from the 2017 Post Utme Lautech Accounting examination.

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