Post Utme Igbinedion University 2022 Commerce Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2022 Commerce Objective / Multiple Choice
Question 14 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • COMMERCE • objective

A bank's balance sheet is given by Assets = Liabilities + Equity. If the bank's current assets are ₦100 million and its current liabilities are ₦80 million, what is the bank's equity?

Answer Options

A. ₦10 million
Correct Answer B. ₦20 million
C. ₦30 million
D. ₦40 million
Correct Answer
B
Correct Option:
₦20 million

About This Question

This is Post Utme Igbinedion University 2022 Commerce Question 14. It is one of the objective questions from the 2022 Post Utme Igbinedion University Commerce examination.

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