Post Utme Joseph Ayo Babalola University 2021 Accounting Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2021 Accounting Objective / Multiple Choice
Question 23 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's financial statements show a net income of ₦200,000. The company's balance sheet shows a total assets of ₦1,500,000 and total liabilities of ₦800,000. What is the company's equity?

Answer Options

A. ₦700,000
B. ₦1,000,000
Correct Answer C. ₦1,300,000
D. ₦1,700,000
Correct Answer
C
Correct Option:
₦1,300,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2021 Accounting Question 23. It is one of the objective questions from the 2021 Post Utme Joseph Ayo Babalola University Accounting examination.

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