Post Utme Unilorin 2022 Accounting Question 18
Practice objective / multiple choice question 18 from the 2022 Post Utme Unilorin Accounting examination.
A company's balance sheet as at 31st December 2022 shows a current liability of ₦1,000,000. The company's profit and loss account for the year ended 31st December 2022 shows a net profit of ₦500,000. If the company's capital is ₦2,000,000, calculate the company's equity.
Answer Options
About This Question
This is Post Utme Unilorin 2022 Accounting Question 18. It is one of the objective questions from the 2022 Post Utme Unilorin Accounting examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.