Post Utme Ims U 2022 Accounting Question 38

Practice objective / multiple choice question 38 from the 2022 Post Utme Ims U Accounting examination.

Post Utme Ims U 2022 Accounting Objective / Multiple Choice
Question 38 POST_UTME_IMS_U • 2022 • ACCOUNTING • objective

A company has the following balance sheet: Assets ₦100,000, Liabilities ₦50,000, and Equity ₦50,000. What is the ratio of liabilities to equity?

Answer Options

A. 1:1
Correct Answer B. 2:1
C. 1:2
D. 3:1
Correct Answer
B
Correct Option:
2:1

About This Question

This is Post Utme Ims U 2022 Accounting Question 38. It is one of the objective questions from the 2022 Post Utme Ims U Accounting examination.

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