Post Utme Pan Atlantic University 2021 Accounting Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2021 Accounting Objective / Multiple Choice
Question 22 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's company account for the year ended 31st December 2021 shows the following transactions: issue of ₦1,000,000 in shares, purchase of ₦2,000,000 in debentures, and redemption of ₦3,000,000 in debentures. Calculate the company's total equity.

Answer Options

Correct Answer A. ₦6,000,000
B. ₦7,000,000
C. ₦8,000,000
D. ₦9,000,000
Correct Answer
A
Correct Option:
₦6,000,000

About This Question

This is Post Utme Pan Atlantic University 2021 Accounting Question 22. It is one of the objective questions from the 2021 Post Utme Pan Atlantic University Accounting examination.

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