Post Utme Lead City University 2025 Accounting Question 42

Practice objective / multiple choice question 42 from the 2025 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2025 Accounting Objective / Multiple Choice
Question 42 POST_UTME_LEAD_CITY_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's balance sheet as at 31st December 20X7 is as follows: Assets: Current Assets £ 100,000 Non-Current Assets £ 200,000 Total Assets £ 300,000 Liabilities: Current Liabilities £ 50,000 Non-Current Liabilities £ 150,000 Total Liabilities £ 200,000 What is the company's equity?

Answer Options

A. £ 100,000
B. £ 200,000
Correct Answer C. £ 300,000
D. £ 400,000
Correct Answer
C
Correct Option:
£ 300,000

About This Question

This is Post Utme Lead City University 2025 Accounting Question 42. It is one of the objective questions from the 2025 Post Utme Lead City University Accounting examination.

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