Post Utme Babcock University 2024 Accounting Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2024 Accounting Objective / Multiple Choice
Question 38 POST_UTME_BABCOCK_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has the following ledger accounts: Debit: ₦20,000, Credit: ₦25,000. What is the net effect of these transactions on the company's equity?

Answer Options

Correct Answer A. ₦5,000 decrease
B. ₦5,000 increase
C. ₦10,000 decrease
D. ₦10,000 increase
Correct Answer
A
Correct Option:
₦5,000 decrease

About This Question

This is Post Utme Babcock University 2024 Accounting Question 38. It is one of the objective questions from the 2024 Post Utme Babcock University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support