Post Utme Elizade University 2020 Accounting Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2020 Accounting Objective / Multiple Choice
Question 25 POST_UTME_ELIZADE_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The company's assets are ₦500,000, and the company's liabilities are ₦200,000. What is the company's equity?

Answer Options

A. ₦300,000
Correct Answer B. ₦400,000
C. ₦500,000
D. ₦600,000
Correct Answer
B
Correct Option:
₦400,000

About This Question

This is Post Utme Elizade University 2020 Accounting Question 25. It is one of the objective questions from the 2020 Post Utme Elizade University Accounting examination.

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