Post Utme Unn 2021 Accounting Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Unn Accounting examination.

Post Utme Unn 2021 Accounting Objective / Multiple Choice
Question 18 POST_UTME_UNN • 2021 • ACCOUNTING • objective

A company's balance sheet shows the following balances: Cash ₦100,000, Accounts Payable ₦50,000, Common Stock ₦200,000, Retained Earnings ₦150,000. What is the total equity of the company?

Answer Options

A. ₦250,000
B. ₦300,000
Correct Answer C. ₦350,000
D. ₦400,000
Correct Answer
C
Correct Option:
₦350,000

About This Question

This is Post Utme Unn 2021 Accounting Question 18. It is one of the objective questions from the 2021 Post Utme Unn Accounting examination.

View More Post Utme Unn 2021 Accounting Questions More Post Utme Unn Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support