Post Utme Futa 2018 Accounting Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Futa Accounting examination.

Post Utme Futa 2018 Accounting Objective / Multiple Choice
Question 20 POST_UTME_FUTA • 2018 • ACCOUNTING • objective

A company's balance sheet shows an asset of ₦100,000 and a liability of ₦50,000. What is the company's equity?

Answer Options

A. ₦20,000
B. ₦30,000
Correct Answer C. ₦40,000
D. ₦50,000
Correct Answer
C
Correct Option:
₦40,000

About This Question

This is Post Utme Futa 2018 Accounting Question 20. It is one of the objective questions from the 2018 Post Utme Futa Accounting examination.

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