Post Utme Rsu 2019 Accounting Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Rsu Accounting examination.

Post Utme Rsu 2019 Accounting Objective / Multiple Choice
Question 35 POST_UTME_RSU • 2019 • ACCOUNTING • objective

A company's balance sheet shows the following: ₦200,000 in cash, ₦150,000 in accounts receivable, and ₦100,000 in inventory. The company's income statement shows a net income of ₦50,000. Prepare the company's statement of changes in equity.

Answer Options

A. ₦250,000
B. ₦300,000
Correct Answer C. ₦350,000
D. ₦400,000
Correct Answer
C
Correct Option:
₦350,000

About This Question

This is Post Utme Rsu 2019 Accounting Question 35. It is one of the objective questions from the 2019 Post Utme Rsu Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support