Post Utme Uniben 2018 Accounting Question 10

Practice objective / multiple choice question 10 from the 2018 Post Utme Uniben Accounting examination.

Post Utme Uniben 2018 Accounting Objective / Multiple Choice
Question 10 POST_UTME_UNIBEN • 2018 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦120,000, Accounts Receivable ₦150,000, Common Stock ₦500,000, Dividends ₦20,000, Retained Earnings ₦300,000. What is the company's total equity?

Answer Options

A. ₦820,000
Correct Answer B. ₦900,000
C. ₦1,020,000
D. ₦1,200,000
Correct Answer
B
Correct Option:
₦900,000

About This Question

This is Post Utme Uniben 2018 Accounting Question 10. It is one of the objective questions from the 2018 Post Utme Uniben Accounting examination.

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