Post Utme Esut 2019 Accounting Question 1

Practice objective / multiple choice question 1 from the 2019 Post Utme Esut Accounting examination.

Post Utme Esut 2019 Accounting Objective / Multiple Choice
Question 1 POST_UTME_ESUT • 2019 • ACCOUNTING • objective

The accounting equation is a fundamental concept in accounting that represents the relationship between a company's assets, liabilities, and equity. Which of the following is a correct representation of the accounting equation?

Answer Options

Correct Answer A. Assets = Liabilities + Equity
B. Assets - Liabilities = Equity
C. Liabilities - Assets = Equity
D. Equity - Liabilities = Assets
Correct Answer
A
Correct Option:
Assets = Liabilities + Equity

About This Question

This is Post Utme Esut 2019 Accounting Question 1. It is one of the objective questions from the 2019 Post Utme Esut Accounting examination.

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