Post Utme Unilorin 2023 Accounting Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2023 Accounting Objective / Multiple Choice
Question 37 POST_UTME_UNILORIN • 2023 • ACCOUNTING • objective

A company's balance sheet shows the following accounts: Fixed Assets ₦500,000, Current Assets ₦300,000, Capital ₦800,000, Profit and Loss Account ₦200,000. What is the total amount of equity?

Answer Options

Correct Answer A. ₦1,000,000
B. ₦1,020,000
C. ₦1,040,000
D. ₦1,060,000
Correct Answer
A
Correct Option:
₦1,000,000

About This Question

This is Post Utme Unilorin 2023 Accounting Question 37. It is one of the objective questions from the 2023 Post Utme Unilorin Accounting examination.

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