Post Utme Afe Babalola University 2023 Accounting Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2023 Accounting Objective / Multiple Choice
Question 3 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's balance sheet as at December 31, 2022, is as follows: Assets: ₦1,500,000 (Current Assets) ₦2,000,000 (Non-Current Assets) ₦3,500,000 (Total Assets) Liabilities: ₦1,000,000 (Current Liabilities) ₦1,500,000 (Non-Current Liabilities) ₦2,500,000 (Total Liabilities) Determine the company's equity.

Answer Options

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

About This Question

This is Post Utme Afe Babalola University 2023 Accounting Question 3. It is one of the objective questions from the 2023 Post Utme Afe Babalola University Accounting examination.

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