Post Utme Lasu 2019 Commerce Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Lasu Commerce examination.

Post Utme Lasu 2019 Commerce Objective / Multiple Choice
Question 13 POST_UTME_LASU • 2019 • COMMERCE • objective

A bank's balance sheet is given by Assets = Liabilities + Equity. If the bank's assets are worth ₦100 million and its liabilities are ₦80 million, what is the value of its equity?

Answer Options

A. ₦10 million
B. ₦20 million
Correct Answer C. ₦30 million
D. ₦40 million
Correct Answer
C
Correct Option:
₦30 million

About This Question

This is Post Utme Lasu 2019 Commerce Question 13. It is one of the objective questions from the 2019 Post Utme Lasu Commerce examination.

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