Post Utme Oau 2020 Accounting Question 3

Practice objective / multiple choice question 3 from the 2020 Post Utme Oau Accounting examination.

Post Utme Oau 2020 Accounting Objective / Multiple Choice
Question 3 POST_UTME_OAU • 2020 • ACCOUNTING • objective

A company's balance sheet as at December 31, 2022, shows the following: Share capital = ₦5,000,000, Retained earnings = ₦3,000,000, and Total liabilities = ₦2,500,000. What is the company's total equity?

Answer Options

Correct Answer A. ₦8,500,000
B. ₦8,000,000
C. ₦7,500,000
D. ₦7,000,000
Correct Answer
A
Correct Option:
₦8,500,000

About This Question

This is Post Utme Oau 2020 Accounting Question 3. It is one of the objective questions from the 2020 Post Utme Oau Accounting examination.

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