Post Utme Unilorin 2020 Accounting Question 13
Practice objective / multiple choice question 13 from the 2020 Post Utme Unilorin Accounting examination.
A company has the following balance sheet: | Asset | ₦ | Liability | ₦ | Equity | ₦ | | --- | --- | --- | --- | --- | --- | | Cash | 10,000 | Bank Loan | 20,000 | Share Capital | 30,000 | | Inventory | 15,000 | Accounts Payable | 25,000 | Retained Earnings | 40,000 | | Property, Plant and Equipment | 30,000 | | | | | What is the total amount of equity?
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About This Question
This is Post Utme Unilorin 2020 Accounting Question 13. It is one of the objective questions from the 2020 Post Utme Unilorin Accounting examination.
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