Post Utme Delsu 2021 Accounting Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Delsu Accounting examination.

Post Utme Delsu 2021 Accounting Objective / Multiple Choice
Question 34 POST_UTME_DELSU • 2021 • ACCOUNTING • objective

A company has the following transactions: Purchased an asset for ₦1,000,000, Sold an asset for ₦800,000, and Paid a dividend of ₦200,000. What is the net effect on the company's equity?

Answer Options

A. ₦200,000 decrease
Correct Answer B. ₦200,000 increase
C. ₦100,000 decrease
D. ₦100,000 increase
Correct Answer
B
Correct Option:
₦200,000 increase

About This Question

This is Post Utme Delsu 2021 Accounting Question 34. It is one of the objective questions from the 2021 Post Utme Delsu Accounting examination.

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