Post Utme Uniport 2018 Accounting Question 24

Practice objective / multiple choice question 24 from the 2018 Post Utme Uniport Accounting examination.

Post Utme Uniport 2018 Accounting Objective / Multiple Choice
Question 24 POST_UTME_UNIPORT • 2018 • ACCOUNTING • objective

A company's balance sheet shows the following balances: | Asset | Liability | Equity | | --- | --- | --- | | Cash | 1000 | | | Bank | | 500 | | Sales | | 2000 | | Purchases | 1500 | | | Capital | | 3000 | What is the total equity of the company?

Answer Options

Correct Answer A. ₦6000
B. ₦6500
C. ₦7000
D. ₦7500
Correct Answer
A
Correct Option:
₦6000

About This Question

This is Post Utme Uniport 2018 Accounting Question 24. It is one of the objective questions from the 2018 Post Utme Uniport Accounting examination.

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