Post Utme Christopher University 2022 Accounting Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2022 Accounting Objective / Multiple Choice
Question 19 POST_UTME_CHRISTOPHER_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: Assets: ₦1,000,000 Liabilities: ₦500,000 Equity: ₦500,000 Determine the company's current ratio.

Answer Options

A. 2:1
Correct Answer B. 3:1
C. 4:1
D. 5:1
Correct Answer
B
Correct Option:
3:1

About This Question

This is Post Utme Christopher University 2022 Accounting Question 19. It is one of the objective questions from the 2022 Post Utme Christopher University Accounting examination.

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