Post Utme Veritas University 2025 Accounting Question 28

Practice objective / multiple choice question 28 from the 2025 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2025 Accounting Objective / Multiple Choice
Question 28 POST_UTME_VERITAS_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's balance sheet as at 31 December 2024 is as follows: | Assets | ₦ | Liabilities | ₦ | | --- | --- | --- | --- | | Cash | 10,000 | Debentures | 20,000 | | Stock | 30,000 | Share Capital | 40,000 | | Debtors | 20,000 | Profit & Loss | 10,000 | | Creditors | 15,000 | | | | | | | | What is the amount of share capital?

Answer Options

Correct Answer A. ₦40,000
B. ₦50,000
C. ₦60,000
D. ₦70,000
Correct Answer
A
Correct Option:
₦40,000

About This Question

This is Post Utme Veritas University 2025 Accounting Question 28. It is one of the objective questions from the 2025 Post Utme Veritas University Accounting examination.

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