Post Utme Greenfield University 2022 Accounting Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2022 Accounting Objective / Multiple Choice

Question 20 POST_UTME_GREENFIELD_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following transactions: Debit: ₦100,000, Credit: ₦120,000. What is the accounting equation?

Answer Options

Correct Answer A. Assets = Liabilities + Equity

B. Liabilities = Assets + Equity

C. Equity = Assets - Liabilities

D. Assets = Equity - Liabilities

Correct Answer

Correct Option:

Assets = Liabilities + Equity

About This Question

This is Post Utme Greenfield University 2022 Accounting Question 20. It is one of the objective questions from the 2022 Post Utme Greenfield University Accounting examination.

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