Post Utme Futo 2023 Accounting Question 26

Practice objective / multiple choice question 26 from the 2023 Post Utme Futo Accounting examination.

Post Utme Futo 2023 Accounting Objective / Multiple Choice
Question 26 POST_UTME_FUTO • 2023 • ACCOUNTING • objective

A company uses the following accounting equation: Assets = Liabilities + Equity. If the company's assets are ₦1,500,000 and its liabilities are ₦1,200,000, calculate the company's equity.

Answer Options

Correct Answer A. ₦300,000
B. ₦400,000
C. ₦500,000
D. ₦600,000
Correct Answer
A
Correct Option:
₦300,000

About This Question

This is Post Utme Futo 2023 Accounting Question 26. It is one of the objective questions from the 2023 Post Utme Futo Accounting examination.

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