Post Utme Elizade University 2024 Accounting Question 48

Practice objective / multiple choice question 48 from the 2024 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2024 Accounting Objective / Multiple Choice
Question 48 POST_UTME_ELIZADE_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's balance sheet shows an increase in equity of ₦80,000 and a decrease in liabilities of ₦20,000. What is the net increase in equity?

Answer Options

A. ₦60,000
B. ₦70,000
Correct Answer C. ₦80,000
D. ₦90,000
Correct Answer
C
Correct Option:
₦80,000

About This Question

This is Post Utme Elizade University 2024 Accounting Question 48. It is one of the objective questions from the 2024 Post Utme Elizade University Accounting examination.

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