Post Utme Aaua 2025 Accounting Question 31

Practice objective / multiple choice question 31 from the 2025 Post Utme Aaua Accounting examination.

Post Utme Aaua 2025 Accounting Objective / Multiple Choice
Question 31 POST_UTME_AAUA • 2025 • ACCOUNTING • objective

A company uses the single entry system to record its transactions. The company's assets increased by ₦120,000 and its liabilities decreased by ₦80,000. What is the net increase in the company's equity?

Answer Options

A. ₦40,000
B. ₦60,000
C. ₦80,000
Correct Answer D. ₦100,000
Correct Answer
D
Correct Option:
₦100,000

About This Question

This is Post Utme Aaua 2025 Accounting Question 31. It is one of the objective questions from the 2025 Post Utme Aaua Accounting examination.

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