Post Utme Uniosun 2020 Accounting Question 37

Practice objective / multiple choice question 37 from the 2020 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2020 Accounting Objective / Multiple Choice
Question 37 POST_UTME_UNIOSUN • 2020 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company has a cash balance of ₦200,000 and a credit balance of ₦300,000. What is the total equity of the company?

Answer Options

A. ₦500,000
Correct Answer B. ₦600,000
C. ₦700,000
D. ₦800,000
Correct Answer
B
Correct Option:
₦600,000

About This Question

This is Post Utme Uniosun 2020 Accounting Question 37. It is one of the objective questions from the 2020 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