Post Utme Uniosun 2019 Accounting Question 40

Practice objective / multiple choice question 40 from the 2019 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2019 Accounting Objective / Multiple Choice
Question 40 POST_UTME_UNIOSUN • 2019 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The company's ledger 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 40. It is one of the objective questions from the 2019 Post Utme Uniosun Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support