Post Utme Unn 2019 Accounting Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Unn Accounting examination.

Post Utme Unn 2019 Accounting Objective / Multiple Choice
Question 29 POST_UTME_UNN • 2019 • ACCOUNTING • objective

A company's balance sheet as at 31st Dec 2019 is as follows: | Assets | ₦ | ₦ | | --- | --- | --- | | Current Assets | | 100,000 | | Non-Current Assets | | 200,000 | | Total Assets | | 300,000 | | Liabilities | ₦ | ₦ | | --- | --- | --- | | Current Liabilities | | 50,000 | | Non-Current Liabilities | | 150,000 | | Total Liabilities | | 200,000 | What is the equity?

Answer Options

A. ₦100,000
B. ₦200,000
Correct Answer C. ₦300,000
D. ₦400,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Unn 2019 Accounting Question 29. It is one of the objective questions from the 2019 Post Utme Unn Accounting examination.

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