Post Utme Mountain Top University 2020 Accounting Question 19

Practice objective / multiple choice question 19 from the 2020 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2020 Accounting Objective / Multiple Choice
Question 19 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020 is as follows: Assets: ₠ 1,50,000 ₠ 2,00,000 ₠ 1,20,000 ₠ 50,000 ₠ 30,000 ₠ 20,000 ₠ 10,000 ₠ 5,000 Total Assets: ₠ 5,75,000 Liabilities: ₠ 3,00,000 ₠ 1,50,000 ₠ 1,20,000 ₠ 50,000 ₠ 30,000 ₠ 20,000 ₠ 10,000 ₠ 5,000 Total Liabilities: ₠ 5,75,000 What is the company's equity?

Answer Options

Correct Answer A. ₠ 5,75,000
B. ₠ 5,00,000
C. ₠ 6,00,000
D. ₠ 7,00,000
Correct Answer
A
Correct Option:
₠ 5,75,000

About This Question

This is Post Utme Mountain Top University 2020 Accounting Question 19. It is one of the objective questions from the 2020 Post Utme Mountain Top University Accounting examination.

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