Post Utme Igbinedion University 2019 Accounting Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2019 Accounting Objective / Multiple Choice
Question 29 POST_UTME_IGBINEDION_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The company's assets increased by ₦100,000, and its liabilities increased by ₦80,000. What is the net change in the company's equity?

Answer Options

Correct Answer A. ₦20,000 increase
B. ₦20,000 decrease
C. ₦20,000 no change
D. ₦20,000 unknown
Correct Answer
A
Correct Option:
₦20,000 increase

About This Question

This is Post Utme Igbinedion University 2019 Accounting Question 29. It is one of the objective questions from the 2019 Post Utme Igbinedion University Accounting examination.

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