Post Utme Eksu 2023 Accounting Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Eksu Accounting examination.

Post Utme Eksu 2023 Accounting Objective / Multiple Choice
Question 10 POST_UTME_EKSU • 2023 • ACCOUNTING • objective

A company's balance sheet shows the following balances: | Asset | Liability | Equity | | --- | --- | --- | | 100,000 | 50,000 | 50,000 | What is the ratio of equity to liability?

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 Eksu 2023 Accounting Question 10. It is one of the objective questions from the 2023 Post Utme Eksu Accounting examination.

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