Post Utme Afe Babalola University 2021 Accounting Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2021 Accounting Objective / Multiple Choice
Question 19 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses the self-balancing ledger system to record transactions. If the company's assets increase by ₦10,000 and its liabilities increase by ₦5,000, what is the effect on the company's equity?

Answer Options

A. ₦5,000 increase
B. ₦10,000 increase
Correct Answer C. ₦15,000 increase
D. ₦20,000 increase
Correct Answer
C
Correct Option:
₦15,000 increase

About This Question

This is Post Utme Afe Babalola University 2021 Accounting Question 19. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Accounting examination.

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