Post Utme Aaua 2018 Accounting Question 24

Practice objective / multiple choice question 24 from the 2018 Post Utme Aaua Accounting examination.

Post Utme Aaua 2018 Accounting Objective / Multiple Choice
Question 24 POST_UTME_AAUA • 2018 • ACCOUNTING • objective

A company has the following balance sheet as at December 31, 2022: Assets: ₦1,000,000, Liabilities: ₦500,000, Equity: ₦500,000 What is the company's current ratio?

Answer Options

A. 1:1
Correct Answer B. 2:1
C. 3:1
D. 4:1
Correct Answer
B
Correct Option:
2:1

About This Question

This is Post Utme Aaua 2018 Accounting Question 24. It is one of the objective questions from the 2018 Post Utme Aaua 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