Post Utme Unilorin 2021 Accounting Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2021 Accounting Objective / Multiple Choice
Question 19 POST_UTME_UNILORIN • 2021 • ACCOUNTING • objective

A company's balance sheet showed the following balances: Equity ₦100,000, Total Assets ₦200,000, Total Liabilities ₦150,000. Prepare a statement of changes in equity.

Answer Options

A. ₦50,000, ₦50,000
B. ₦100,000, ₦0
Correct Answer C. ₦0, ₦100,000
D. ₦50,000, ₦50,000
Correct Answer
C
Correct Option:
₦0, ₦100,000

About This Question

This is Post Utme Unilorin 2021 Accounting Question 19. It is one of the objective questions from the 2021 Post Utme Unilorin Accounting examination.

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