Post Utme Covenant University 2017 Accounting Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2017 Accounting Objective / Multiple Choice
Question 4 POST_UTME_COVENANT_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's balance sheet shows the following balances: Assets ₦1,000,000, Liabilities ₦500,000, and Equity ₦500,000. Determine the correct ratio of Debt to Equity.

Answer Options

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

About This Question

This is Post Utme Covenant University 2017 Accounting Question 4. It is one of the objective questions from the 2017 Post Utme Covenant University Accounting examination.

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