Post Utme Aaua 2024 Accounting Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Aaua Accounting examination.

Post Utme Aaua 2024 Accounting Objective / Multiple Choice
Question 16 POST_UTME_AAUA • 2024 • ACCOUNTING • objective

A company's accounting records show that its total assets increased by ₦1,500,000 and its total liabilities increased by ₦1,200,000. What is the increase in the company's equity?

Answer Options

A. ₦300,000
B. ₦400,000
Correct Answer C. ₦500,000
D. ₦600,000
Correct Answer
C
Correct Option:
₦500,000

About This Question

This is Post Utme Aaua 2024 Accounting Question 16. It is one of the objective questions from the 2024 Post Utme Aaua Accounting examination.

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