Post Utme Lead City University 2024 Accounting Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2024 Accounting Objective / Multiple Choice
Question 9 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's balance sheet shows the following balances: | Asset | Liability | Equity | | --- | --- | --- | | Cash | | 10,000 | | Bank | | 20,000 | | Stock | | 30,000 | | Debtors | | 40,000 | | Creditors | 10,000 | | | Capital | | 50,000 | What is the amount of capital?

Answer Options

Correct Answer A. ₦50,000
B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Lead City University 2024 Accounting Question 9. It is one of the objective questions from the 2024 Post Utme Lead City University Accounting examination.

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