Post Utme Unn 2020 Accounting Question 13

Practice objective / multiple choice question 13 from the 2020 Post Utme Unn Accounting examination.

Post Utme Unn 2020 Accounting Objective / Multiple Choice
Question 13 POST_UTME_UNN • 2020 • ACCOUNTING • objective

A company's balance sheet as at 31 December 2020 is as follows: | Assets | ₦ | Liabilities | ₦ | | --- | --- | --- | --- | | Cash | 10,000 | Bank Loan | 20,000 | | Inventory | 30,000 | Share Capital | 50,000 | | Property, Plant and Equipment | 40,000 | Retained Earnings | 10,000 | What is the total amount of shareholders' funds?

Answer Options

A. ₦60,000
B. ₦70,000
Correct Answer C. ₦80,000
D. ₦90,000
Correct Answer
C
Correct Option:
₦80,000

About This Question

This is Post Utme Unn 2020 Accounting Question 13. It is one of the objective questions from the 2020 Post Utme Unn Accounting examination.

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