Post Utme Joseph Ayo Babalola University 2023 Accounting Question 12

Practice objective / multiple choice question 12 from the 2023 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2023 Accounting Objective / Multiple Choice
Question 12 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company's assets increased by ₦100,000, and its liabilities increased by ₦50,000. What is the net increase in the company's equity?

Answer Options

A. ₦50,000
B. ₦75,000
Correct Answer C. ₦100,000
D. ₦125,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2023 Accounting Question 12. It is one of the objective questions from the 2023 Post Utme Joseph Ayo Babalola University Accounting examination.

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