Post Utme Osustech 2018 Accounting Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Osustech Accounting examination.

Post Utme Osustech 2018 Accounting Objective / Multiple Choice
Question 17 POST_UTME_OSUSTECH • 2018 • ACCOUNTING • objective

A company has the following balance sheet: ₦100,000 in cash, ₦50,000 in accounts payable, and ₦20,000 in common stock. What is the total equity of the company?

Answer Options

A. ₦70,000
B. ₦80,000
C. ₦90,000
Correct Answer D. ₦100,000
Correct Answer
D
Correct Option:
₦100,000

About This Question

This is Post Utme Osustech 2018 Accounting Question 17. It is one of the objective questions from the 2018 Post Utme Osustech Accounting examination.

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