Post Utme Delsu 2022 Accounting Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Delsu Accounting examination.

Post Utme Delsu 2022 Accounting Objective / Multiple Choice

Question 14 POST_UTME_DELSU • 2022 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The ledger shows the following transactions: Debit: ₦10,000; Credit: ₦8,000. What is the net effect of these transactions on the company's equity?

Answer Options

Correct Answer A. Increase equity by ₦2,000

B. Decrease equity by ₦2,000

C. Increase equity by ₦8,000

D. Decrease equity by ₦10,000

Correct Answer

Correct Option:

Increase equity by ₦2,000

About This Question

This is Post Utme Delsu 2022 Accounting Question 14. It is one of the objective questions from the 2022 Post Utme Delsu Accounting examination.

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