Post Utme Skyline University 2019 Accounting Question 17

Practice objective / multiple choice question 17 from the 2019 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2019 Accounting Objective / Multiple Choice
Question 17 POST_UTME_SKYLINE_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000, and Common Stock ₦100,000. What is the total equity of the company?

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 Skyline University 2019 Accounting Question 17. It is one of the objective questions from the 2019 Post Utme Skyline University Accounting examination.

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