Post Utme Bells University 2024 Accounting Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Bells University Accounting examination.

Post Utme Bells University 2024 Accounting Objective / Multiple Choice
Question 12 POST_UTME_BELLS_UNIVERSITY • 2024 • ACCOUNTING • objective

A business has the following incomplete records: Debit: ₦20,000, Credit: ₦15,000. What is the net effect on the business's financial position?

Answer Options

A. Increase in assets
B. Decrease in liabilities
C. Increase in equity
Correct Answer D. Decrease in assets
Correct Answer
D
Correct Option:
Decrease in assets

About This Question

This is Post Utme Bells University 2024 Accounting Question 12. It is one of the objective questions from the 2024 Post Utme Bells University Accounting examination.

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