Post Utme Coal City University 2018 Accounting Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2018 Accounting Objective / Multiple Choice
Question 37 POST_UTME_COAL_CITY_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has a balance sheet that shows a total assets of ₦5,000,000 and a total liabilities of ₦3,000,000. What is the correct equity of the company?

Answer Options

A. ₦2,000,000
Correct Answer B. ₦2,500,000
C. ₦3,000,000
D. ₦5,000,000
Correct Answer
B
Correct Option:
₦2,500,000

About This Question

This is Post Utme Coal City University 2018 Accounting Question 37. It is one of the objective questions from the 2018 Post Utme Coal City University Accounting examination.

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