Post Utme Delsu 2023 Accounting Question 39

Practice objective / multiple choice question 39 from the 2023 Post Utme Delsu Accounting examination.

Post Utme Delsu 2023 Accounting Objective / Multiple Choice
Question 39 POST_UTME_DELSU • 2023 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: ₦1,00,000 Equity Capital ₦50,000 Profit ₹1,50,000 ₦1,00,000 Loan ₹1,00,000 ₦2,00,000 Total Assets ₦2,00,000 Total Liabilities Determine the company's gearing ratio.

Answer Options

A. 100%
Correct Answer B. 50%
C. 75%
D. 25%
Correct Answer
B
Correct Option:
50%

About This Question

This is Post Utme Delsu 2023 Accounting Question 39. It is one of the objective questions from the 2023 Post Utme Delsu Accounting examination.

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