Post Utme Summit University 2024 Accounting Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Summit University Accounting examination.

Post Utme Summit University 2024 Accounting Objective / Multiple Choice
Question 34 POST_UTME_SUMMIT_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for ₦10,000, Purchased office equipment for ₦50,000, Sold office equipment for ₦30,000, and Paid salaries of ₦20,000. Prepare a statement of changes in stockholders' equity as at 31st December 2023.

Answer Options

A. ₦100,000
Correct Answer B. ₦120,000
C. ₦140,000
D. ₦160,000
Correct Answer
B
Correct Option:
₦120,000

About This Question

This is Post Utme Summit University 2024 Accounting Question 34. It is one of the objective questions from the 2024 Post Utme Summit University Accounting examination.

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