Post Utme Al Hikmah University 2021 Accounting Question 16

Practice objective / multiple choice question 16 from the 2021 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2021 Accounting Objective / Multiple Choice

Question 16 POST_UTME_AL-HIKMAH_UNIVERSITY • 2021 • ACCOUNTING • objective

A government agency prepares its financial statements for the year ended December 31, 2022. The statement of financial position shows a total assets of ₦5,000,000 and total liabilities of ₦2,000,000. What is the total equity?

Answer Options

Correct Answer A. ₦3,000,000

B. ₦2,000,000

C. ₦1,000,000

D. ₦500,000

Correct Answer

Correct Option:

₦3,000,000

About This Question

This is Post Utme Al Hikmah University 2021 Accounting Question 16. It is one of the objective questions from the 2021 Post Utme Al Hikmah University Accounting examination.

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