Post Utme Pan Atlantic University 2021 Accounting Question 26
Practice objective / multiple choice question 26 from the 2021 Post Utme Pan Atlantic University Accounting examination.
A company has the following balance sheet as at 31st December 2022: | Asset | ₦ | Liability | ₦ | Equity | ₦ | | --- | --- | --- | --- | --- | --- | | Cash | 50,000 | Accounts Payable | 50,000 | Retained Earnings | 100,000 | | Accounts Receivable | 20,000 | Notes Payable | 100,000 | Common Stock | 200,000 | | Inventory | 30,000 | Total Liabilities | 150,000 | Total Equity | 400,000 | | Total Assets | 100,000 | | | | | Determine the amount of common stock.
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About This Question
This is Post Utme Pan Atlantic University 2021 Accounting Question 26. It is one of the objective questions from the 2021 Post Utme Pan Atlantic University Accounting examination.
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