Post Utme Futa 2020 Accounting Question 22

Practice objective / multiple choice question 22 from the 2020 Post Utme Futa Accounting examination.

Post Utme Futa 2020 Accounting Objective / Multiple Choice
Question 22 POST_UTME_FUTA • 2020 • ACCOUNTING • objective

A company's accounting equation is Assets = Liabilities + Equity. If the company's assets are ₦200,000, liabilities are ₦100,000, and equity is ₦50,000, what is the company's net income?

Answer Options

A. ₦50,000
Correct Answer B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Futa 2020 Accounting Question 22. It is one of the objective questions from the 2020 Post Utme Futa Accounting examination.

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