Post Utme Uniport 2021 Accounting Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Uniport Accounting examination.

Post Utme Uniport 2021 Accounting Objective / Multiple Choice
Question 23 POST_UTME_UNIPORT • 2021 • ACCOUNTING • objective

A company's balance sheet as at 31 December 2020 is as follows: | Assets | ₦ | Liabilities | ₦ | | --- | --- | --- | --- | | Cash | 10,000 | Debentures | 20,000 | | Bank | 15,000 | Share Capital | 30,000 | | Stock | 20,000 | Profit & Loss | 25,000 | | Total | 45,000 | Total | 85,000 | What is the value of the company's stock?

Answer Options

A. ₦10,000
B. ₦15,000
Correct Answer C. ₦20,000
D. ₦25,000
Correct Answer
C
Correct Option:
₦20,000

About This Question

This is Post Utme Uniport 2021 Accounting Question 23. It is one of the objective questions from the 2021 Post Utme Uniport Accounting examination.

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