Post Utme Babcock University 2019 Accounting Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2019 Accounting Objective / Multiple Choice
Question 13 POST_UTME_BABCOCK_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's profit and loss account shows a net profit of ₦1,000. The company's balance sheet shows an increase in the value of its assets from ₦1,000 to ₦1,500. What is the percentage increase in the value of its assets?

Answer Options

A. 10%
B. 15%
Correct Answer C. 20%
D. 25%
Correct Answer
C
Correct Option:
20%

About This Question

This is Post Utme Babcock University 2019 Accounting Question 13. It is one of the objective questions from the 2019 Post Utme Babcock University Accounting examination.

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