Post Utme Veritas University 2024 Accounting Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2024 Accounting Objective / Multiple Choice
Question 29 POST_UTME_VERITAS_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has the following balance sheet: | Assets | Liabilities | Equity | | --- | --- | --- | | Cash | 10,000 | | | Equipment | | 10,000 | | Total | 10,000 | 10,000 | What is the total amount of equity for the company?

Answer Options

Correct Answer A. ₦10,000
B. ₦9,500
C. ₦9,000
D. ₦8,500
Correct Answer
A
Correct Option:
₦10,000

About This Question

This is Post Utme Veritas University 2024 Accounting Question 29. It is one of the objective questions from the 2024 Post Utme Veritas University Accounting examination.

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