Post Utme Afe Babalola University 2021 Commerce Question 31

Practice objective / multiple choice question 31 from the 2021 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2021 Commerce Objective / Multiple Choice
Question 31 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • COMMERCE • objective

A business has a liability of ₦1,000,000 and an asset of ₦2,000,000. If the business wants to pay off the liability, how much cash will it need to raise?

Answer Options

A. ₦1,000,000
Correct Answer B. ₦1,500,000
C. ₦2,000,000
D. ₦2,500,000
Correct Answer
B
Correct Option:
₦1,500,000

About This Question

This is Post Utme Afe Babalola University 2021 Commerce Question 31. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Commerce examination.

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