Post Utme Oau 2022 Accounting Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Oau Accounting examination.

Post Utme Oau 2022 Accounting Objective / Multiple Choice
Question 15 POST_UTME_OAU • 2022 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: | Assets | ₦ | Liabilities | ₦ | Equity | ₦ | | --- | --- | --- | --- | --- | --- | | Cash | 10,000 | Debentures | 50,000 | Share Capital | 100,000 | | Bank | 20,000 | Loans | 30,000 | Profit | 20,000 | | Investments | 40,000 | | | | | | | | | | | | What is the total amount of the company's equity?

Answer Options

A. ₦150,000
B. ₦170,000
Correct Answer C. ₦190,000
D. ₦210,000
Correct Answer
C
Correct Option:
₦190,000

About This Question

This is Post Utme Oau 2022 Accounting Question 15. It is one of the objective questions from the 2022 Post Utme Oau Accounting examination.

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