Post Utme Nile University 2024 Accounting Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Nile University Accounting examination.

Post Utme Nile University 2024 Accounting Objective / Multiple Choice
Question 34 POST_UTME_NILE_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has the following ledger accounts: Cash 10,000, Accounts Receivable 20,000, Accounts Payable 15,000, and Common Stock 30,000. What is the total equity of the company?

Answer Options

A. 55,000
B. 60,000
C. 65,000
Correct Answer D. 70,000
Correct Answer
D
Correct Option:
70,000

About This Question

This is Post Utme Nile University 2024 Accounting Question 34. It is one of the objective questions from the 2024 Post Utme Nile University Accounting examination.

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