Post Utme Delsu 2018 Accounting Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Delsu Accounting examination.

Post Utme Delsu 2018 Accounting Objective / Multiple Choice
Question 23 POST_UTME_DELSU • 2018 • ACCOUNTING • objective

A company prepares the following trial balance:

Assets: ₦100,000
Liabilities: ₦80,000
Capital: ₦20,000. What is the correct accounting equation?

Answer Options

Correct Answer A. Assets = Liabilities + Capital
B. Assets = Liabilities - Capital
C. Assets = Capital - Liabilities
D. Assets = Capital + Liabilities
Correct Answer
A
Correct Option:
Assets = Liabilities + Capital

About This Question

This is Post Utme Delsu 2018 Accounting Question 23. It is one of the objective questions from the 2018 Post Utme Delsu Accounting examination.

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