Post Utme Pan Atlantic University 2020 Accounting Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2020 Accounting Objective / Multiple Choice
Question 38 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020 shows the following: Share Capital: ₦500,000, Retained Earnings: ₦300,000, and Non-Current Liabilities: ₦400,000. Calculate the total equity for the company.

Answer Options

A. ₦800,000
B. ₦900,000
Correct Answer C. ₦1,000,000
D. ₦1,100,000
Correct Answer
C
Correct Option:
₦1,000,000

About This Question

This is Post Utme Pan Atlantic University 2020 Accounting Question 38. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Accounting examination.

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