Post Utme Unilag 2023 Accounting Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Unilag Accounting examination.

Post Utme Unilag 2023 Accounting Objective / Multiple Choice
Question 24 POST_UTME_UNILAG • 2023 • ACCOUNTING • objective

A company's balance sheet shows the following: | Assets | ₦ | Liabilities | ₦ | | --- | --- | --- | --- | | Cash | 10,000 | Bank Loan | 20,000 | | Inventory | 30,000 | Share Capital | 50,000 | | Property | 40,000 | Retained Earnings | 10,000 | What is the total amount of shareholders' funds?

Answer Options

A. ₦10,000
B. ₦20,000
Correct Answer C. ₦30,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Unilag 2023 Accounting Question 24. It is one of the objective questions from the 2023 Post Utme Unilag Accounting examination.

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