Post Utme Unilorin 2023 Accounting Question 25

Practice objective / multiple choice question 25 from the 2023 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2023 Accounting Objective / Multiple Choice
Question 25 POST_UTME_UNILORIN • 2023 • ACCOUNTING • objective

A company has the following transactions in its balance sheet: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Assets | | 100,000 | | 15 Jan | Liabilities | 50,000 | | | 20 Jan | Assets | | 80,000 | | 25 Jan | Liabilities | 30,000 | | | 31 Jan | Assets | | 120,000 | What is the equity for the year?

Answer Options

A. ₦60,000
B. ₦80,000
Correct Answer C. ₦100,000
D. ₦120,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Unilorin 2023 Accounting Question 25. It is one of the objective questions from the 2023 Post Utme Unilorin Accounting examination.

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