Post Utme Joseph Ayo Babalola University 2024 Commerce Question 9
Practice objective / multiple choice question 9 from the 2024 Post Utme Joseph Ayo Babalola University Commerce examination.
A sole proprietorship has the following balance sheet: Assets = 100,000, Liabilities = 50,000, and Equity = 50,000. If the proprietor withdraws 20,000 from the business, what is the new balance of the proprietor's equity?
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This is Post Utme Joseph Ayo Babalola University 2024 Commerce Question 9. It is one of the objective questions from the 2024 Post Utme Joseph Ayo Babalola University Commerce examination.
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