Post Utme Babcock University 2024 Accounting Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2024 Accounting Objective / Multiple Choice
Question 25 POST_UTME_BABCOCK_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the self-balancing ledger system. The company's assets increased by ₦30,000 and its liabilities increased by ₦20,000. What is the net increase in the company's equity?

Answer Options

A. ₦10,000
Correct Answer B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Babcock University 2024 Accounting Question 25. It is one of the objective questions from the 2024 Post Utme Babcock University Accounting examination.

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