Post Utme Caleb University 2023 Accounting Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2023 Accounting Objective / Multiple Choice

Question 4 POST_UTME_CALEB_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's financial statements show a net income of ₦500,000. What is the accounting equation?

Answer Options

Correct Answer A. Assets = Liabilities + Equity

B. Equity = Assets - Liabilities

C. Liabilities = Assets - Equity

D. Assets = Equity + Liabilities

Correct Answer

Correct Option:

Assets = Liabilities + Equity

About This Question

This is Post Utme Caleb University 2023 Accounting Question 4. It is one of the objective questions from the 2023 Post Utme Caleb University Accounting examination.

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