Post Utme Joseph Ayo Babalola University 2017 Commerce Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2017 Commerce Objective / Multiple Choice
Question 21 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • COMMERCE • objective

In a sole trade business, the owner's capital is represented by the accounting equation: Assets = Capital + Liabilities. If the owner's capital is ₦250,000 and the liabilities are ₦120,000, what is the value of assets?

Answer Options

Correct Answer A. ₦370,000
B. ₦250,000
C. ₦120,000
D. ₦350,000
Correct Answer
A
Correct Option:
₦370,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Commerce Question 21. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Commerce examination.

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