Post Utme Madonna University 2017 Accounting Question 37
Practice objective / multiple choice question 37 from the 2017 Post Utme Madonna University Accounting examination.
A company uses the single-entry system of accounting. The company's trial balance as at 31st December, 2017, shows the following balances: Cash ₦ 50,000, Accounts Payable ₦ 30,000, Common Stock ₦ 100,000, Retained Earnings ₦ 20,000, and Dividends ₦ 10,000. Prepare the company's statement of changes in equity for the year ended 31st December, 2017.
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About This Question
This is Post Utme Madonna University 2017 Accounting Question 37. It is one of the objective questions from the 2017 Post Utme Madonna University Accounting examination.
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