Post Utme Futo 2023 Commerce Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Futo Commerce examination.

Post Utme Futo 2023 Commerce Objective / Multiple Choice
Question 20 POST_UTME_FUTO • 2023 • COMMERCE • objective

A company's balance sheet shows that its total assets are ₦500 million and its total liabilities are ₦300 million. What is the company's equity?

Answer Options

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

About This Question

This is Post Utme Futo 2023 Commerce Question 20. It is one of the objective questions from the 2023 Post Utme Futo Commerce 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