Post Utme Futa 2024 Accounting Question 22

Practice objective / multiple choice question 22 from the 2024 Post Utme Futa Accounting examination.

Post Utme Futa 2024 Accounting Objective / Multiple Choice
Question 22 POST_UTME_FUTA • 2024 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company's assets increased by ₦100,000 and liabilities decreased by ₦50,000. What is the net increase in equity?

Answer Options

A. ₦50,000
Correct Answer B. ₦150,000
C. ₦200,000
D. ₦250,000
Correct Answer
B
Correct Option:
₦150,000

About This Question

This is Post Utme Futa 2024 Accounting Question 22. It is one of the objective questions from the 2024 Post Utme Futa Accounting examination.

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