Post Utme Futo 2024 Accounting Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Futo Accounting examination.

Post Utme Futo 2024 Accounting Objective / Multiple Choice
Question 5 POST_UTME_FUTO • 2024 • ACCOUNTING • objective

A company's balance sheet shows an increase in assets of ₦50,000 and an increase in liabilities of ₦30,000. What is the net increase in equity?

Answer Options

Correct Answer A. ₦20,000
B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Futo 2024 Accounting Question 5. It is one of the objective questions from the 2024 Post Utme Futo Accounting examination.

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