Post Utme Afe Babalola University 2019 Accounting Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2019 Accounting Objective / Multiple Choice
Question 18 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following balance sheet: Assets: ₦2,000,000 Liabilities: ₦1,200,000 Equity: ₦800,000 What is the ratio of liabilities to equity?

Answer Options

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

About This Question

This is Post Utme Afe Babalola University 2019 Accounting Question 18. It is one of the objective questions from the 2019 Post Utme Afe Babalola University 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