Post Utme Wellspring University 2024 Accounting Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2024 Accounting Objective / Multiple Choice
Question 19 POST_UTME_WELLSPRING_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's balance sheet shows the following balances: | Asset | Liability | Equity | | --- | --- | --- | | Cash | ₦50,000 | | | Bank | | ₦30,000 | | Stock | ₦20,000 | | | Debtors | | ₦10,000 | What is the total of the equity?

Answer Options

Correct Answer A. ₦50,000
B. ₦30,000
C. ₦20,000
D. ₦10,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Wellspring University 2024 Accounting Question 19. It is one of the objective questions from the 2024 Post Utme Wellspring University Accounting examination.

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