Post Utme Oau 2021 Accounting Question 38

Practice objective / multiple choice question 38 from the 2021 Post Utme Oau Accounting examination.

Post Utme Oau 2021 Accounting Objective / Multiple Choice
Question 38 POST_UTME_OAU • 2021 • ACCOUNTING • objective

A company has the following trial balance: Assets ₦100,000, Liabilities ₦80,000, Capital ₦20,000. What is the amount of the company's equity?

Answer Options

A. ₦20,000
B. ₦40,000
Correct Answer C. ₦60,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦60,000

About This Question

This is Post Utme Oau 2021 Accounting Question 38. It is one of the objective questions from the 2021 Post Utme Oau Accounting examination.

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