Post Utme Futa 2021 Accounting Question 30

Practice objective / multiple choice question 30 from the 2021 Post Utme Futa Accounting examination.

Post Utme Futa 2021 Accounting Objective / Multiple Choice
Question 30 POST_UTME_FUTA • 2021 • ACCOUNTING • objective

A company's balance sheet shows a total assets of ₦500,000 and total liabilities of ₦300,000. What is the correct equity?

Answer Options

A. ₦100,000
B. ₦200,000
C. ₦300,000
Correct Answer D. ₦400,000
Correct Answer
D
Correct Option:
₦400,000

About This Question

This is Post Utme Futa 2021 Accounting Question 30. It is one of the objective questions from the 2021 Post Utme Futa Accounting examination.

View More Post Utme Futa 2021 Accounting Questions More Post Utme Futa Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support