Post Utme Elizade University 2024 Accounting Question 46

Practice objective / multiple choice question 46 from the 2024 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2024 Accounting Objective / Multiple Choice
Question 46 POST_UTME_ELIZADE_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's balance sheet shows an increase in assets of ₦100,000 and a decrease in liabilities of ₦20,000. What is the net increase in equity?

Answer Options

A. ₦80,000
B. ₦90,000
Correct Answer C. ₦100,000
D. ₦110,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Elizade University 2024 Accounting Question 46. It is one of the objective questions from the 2024 Post Utme Elizade University Accounting examination.

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