Post Utme Mountain Top University 2023 Accounting Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2023 Accounting Objective / Multiple Choice
Question 23 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following ledger accounts: Cash ₦100,000, Accounts Payable ₦50,000, Common Stock ₦200,000, Retained Earnings ₦150,000. What is the total equity of the company?

Answer Options

A. ₦350,000
Correct Answer B. ₦400,000
C. ₦450,000
D. ₦500,000
Correct Answer
B
Correct Option:
₦400,000

About This Question

This is Post Utme Mountain Top University 2023 Accounting Question 23. It is one of the objective questions from the 2023 Post Utme Mountain Top University Accounting examination.

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