Post Utme Pan Atlantic University 2023 Accounting Question 2

Practice objective / multiple choice question 2 from the 2023 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2023 Accounting Objective / Multiple Choice
Question 2 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses a self-balancing ledger system. The ledger shows the following balances: Cash ₦100,000, Accounts Payable ₦50,000, and Common Stock ₦200,000. What is the total equity of the company?

Answer Options

Correct Answer A. ₦250,000
B. ₦200,000
C. ₦150,000
D. ₦300,000
Correct Answer
A
Correct Option:
₦250,000

About This Question

This is Post Utme Pan Atlantic University 2023 Accounting Question 2. It is one of the objective questions from the 2023 Post Utme Pan Atlantic University Accounting examination.

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