Post Utme Oau 2022 Accounting Question 10

Practice objective / multiple choice question 10 from the 2022 Post Utme Oau Accounting examination.

Post Utme Oau 2022 Accounting Objective / Multiple Choice
Question 10 POST_UTME_OAU • 2022 • ACCOUNTING • objective

A company has the following transactions: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Issuance of Shares | | ₦100,000 | | 2 Jan | Purchase of Equipment | ₦50,000 | | | 3 Jan | Sale of Goods | | ₦150,000 | | 4 Jan | Payment of Salaries | | ₦30,000 | What is the company's total equity at the end of the month?

Answer Options

A. ₦230,000
B. ₦240,000
Correct Answer C. ₦250,000
D. ₦260,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Oau 2022 Accounting Question 10. It is one of the objective questions from the 2022 Post Utme Oau Accounting examination.

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