Post Utme Skyline University 2018 Accounting Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2018 Accounting Objective / Multiple Choice
Question 12 POST_UTME_SKYLINE_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022, showed the following balances: Equity Share Capital ₦500,000, Profit and Loss Account ₦300,000, and Retained Earnings ₦200,000. What is the amount of the company's total equity?

Answer Options

A. ₦1,000,000
B. ₦1,200,000
Correct Answer C. ₦1,300,000
D. ₦1,500,000
Correct Answer
C
Correct Option:
₦1,300,000

About This Question

This is Post Utme Skyline University 2018 Accounting Question 12. It is one of the objective questions from the 2018 Post Utme Skyline University 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