Post Utme Caleb University 2025 Accounting Question 30

Practice objective / multiple choice question 30 from the 2025 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2025 Accounting Objective / Multiple Choice
Question 30 POST_UTME_CALEB_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the self-balancing ledger system. If the company purchases an asset for ₦30,000, what is the accounting equation after the purchase?

Answer Options

A. Assets = ₦30,000, Liabilities = ₦0, Equity = ₦0
Correct Answer B. Assets = ₦30,000, Liabilities = ₦0, Equity = ₦30,000
C. Assets = ₦0, Liabilities = ₦0, Equity = ₦30,000
D. Assets = ₦0, Liabilities = ₦30,000, Equity = ₦0
Correct Answer
B
Correct Option:
Assets = ₦30,000, Liabilities = ₦0, Equity = ₦30,000

About This Question

This is Post Utme Caleb University 2025 Accounting Question 30. It is one of the objective questions from the 2025 Post Utme Caleb University Accounting examination.

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