Post Utme Noun 2018 Accounting Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Noun Accounting examination.

Post Utme Noun 2018 Accounting Objective / Multiple Choice
Question 30 POST_UTME_NOUN • 2018 • ACCOUNTING • objective

A company has the following transactions: Issued 10,000 shares at ₦10 per share, received ₦50,000 in cash, and purchased equipment for ₦200,000. What is the total amount of shareholders' equity?

Answer Options

A. ₦250,000
B. ₦300,000
Correct Answer C. ₦350,000
D. ₦400,000
Correct Answer
C
Correct Option:
₦350,000

About This Question

This is Post Utme Noun 2018 Accounting Question 30. It is one of the objective questions from the 2018 Post Utme Noun Accounting examination.

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