Post Utme Achievers University 2018 Accounting Question 1

Practice objective / multiple choice question 1 from the 2018 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2018 Accounting Objective / Multiple Choice
Question 1 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the single entry system to record its transactions. The company's assets increased by ₦50,000 and its liabilities increased by ₦20,000. What is the amount of the owner's capital?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦60,000
D. ₦70,000
Correct Answer
C
Correct Option:
₦60,000

About This Question

This is Post Utme Achievers University 2018 Accounting Question 1. It is one of the objective questions from the 2018 Post Utme Achievers University Accounting examination.

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