Post Utme Coal City University 2020 Accounting Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2020 Accounting Objective / Multiple Choice

Question 28 POST_UTME_COAL_CITY_UNIVERSITY • 2020 • ACCOUNTING • objective

A government agency's balance sheet shows the following: Assets ₦1,000,000, Liabilities ₦500,000, and Equity ₦500,000. What is the agency's current ratio?

Answer Options

A. 2:1

Correct Answer B. 1:1

C. 1:2

D. 3:1

Correct Answer

Correct Option:

1:1

About This Question

This is Post Utme Coal City University 2020 Accounting Question 28. It is one of the objective questions from the 2020 Post Utme Coal City University Accounting examination.

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