Post Utme Mountain Top University 2025 Accounting Question 34

Practice objective / multiple choice question 34 from the 2025 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2025 Accounting Objective / Multiple Choice
Question 34 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's balance sheet at the beginning of the year showed assets of ₦500,000, liabilities of ₦200,000, and equity of ₦300,000. During the year, the company purchased additional assets of ₦150,000 and issued new shares of ₦100,000. Calculate the company's total equity at the end of the year.

Answer Options

A. ₦500,000
B. ₦550,000
Correct Answer C. ₦600,000
D. ₦650,000
Correct Answer
C
Correct Option:
₦600,000

About This Question

This is Post Utme Mountain Top University 2025 Accounting Question 34. It is one of the objective questions from the 2025 Post Utme Mountain Top University Accounting examination.

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