Post Utme Nile University 2021 Accounting Question 28

Practice objective / multiple choice question 28 from the 2021 Post Utme Nile University Accounting examination.

Post Utme Nile University 2021 Accounting Objective / Multiple Choice
Question 28 POST_UTME_NILE_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020 is as follows: Equity Share Capital: ₦500,000; Retained Earnings: ₦300,000; Non-Current Liabilities: ₦400,000. Calculate the total equity of the company.

Answer Options

Correct Answer A. ₦1,200,000
B. ₦1,200,500
C. ₦1,200,750
D. ₦1,201,000
Correct Answer
A
Correct Option:
₦1,200,000

About This Question

This is Post Utme Nile University 2021 Accounting Question 28. It is one of the objective questions from the 2021 Post Utme Nile University Accounting examination.

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