Post Utme Uniosun 2019 Accounting Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2019 Accounting Objective / Multiple Choice
Question 39 POST_UTME_UNIOSUN • 2019 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company's journal shows the following transactions: Debit: ₦10,000, Credit: ₦20,000. What is the correct balance of the company's equity?

Answer Options

A. ₦10,000
B. ₦20,000
Correct Answer C. ₦30,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Uniosun 2019 Accounting Question 39. It is one of the objective questions from the 2019 Post Utme Uniosun Accounting examination.

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