Post Utme Lautech 2018 Accounting Question 24

Practice objective / multiple choice question 24 from the 2018 Post Utme Lautech Accounting examination.

Post Utme Lautech 2018 Accounting Objective / Multiple Choice
Question 24 POST_UTME_LAUTECH • 2018 • ACCOUNTING • objective

A company's balance sheet as at 31st December 20X7 is as follows: ₦ Assets: Cash: ₦50,000 Debtors: ₦100,000 Stock: ₦150,000 Total assets: ₦300,000 ₦ Liabilities: Creditors: ₦80,000 Capital: ₦220,000 Total liabilities: ₦300,000 What is the amount of capital that the company has?

Answer Options

Correct Answer A. ₦220,000
B. ₦240,000
C. ₦260,000
D. ₦280,000
Correct Answer
A
Correct Option:
₦220,000

About This Question

This is Post Utme Lautech 2018 Accounting Question 24. It is one of the objective questions from the 2018 Post Utme Lautech Accounting examination.

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