Post Utme Unn 2018 Accounting Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Unn Accounting examination.

Post Utme Unn 2018 Accounting Objective / Multiple Choice
Question 28 POST_UTME_UNN • 2018 • ACCOUNTING • objective

A firm has the following ledger balances: Cash ₦50,000, Accounts Payable ₦20,000, Common Stock ₦100,000. What is the total equity of the firm?

Answer Options

A. ₦120,000
Correct Answer B. ₦170,000
C. ₦220,000
D. ₦270,000
Correct Answer
B
Correct Option:
₦170,000

About This Question

This is Post Utme Unn 2018 Accounting Question 28. It is one of the objective questions from the 2018 Post Utme Unn Accounting examination.

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