Post Utme Summit University 2017 Accounting Question 17

Practice objective / multiple choice question 17 from the 2017 Post Utme Summit University Accounting examination.

Post Utme Summit University 2017 Accounting Objective / Multiple Choice
Question 17 POST_UTME_SUMMIT_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has the following ledger balances: Debtors: ₦50,000 Creditors: ₦20,000 Capital: ₦100,000 What is the total amount of equity in the company?

Answer Options

Correct Answer A. ₦130,000
B. ₦130,000
C. ₦130,000
D. ₦130,000
Correct Answer
A
Correct Option:
₦130,000

About This Question

This is Post Utme Summit University 2017 Accounting Question 17. It is one of the objective questions from the 2017 Post Utme Summit University Accounting examination.

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