Post Utme Lasu 2019 Commerce Question 5

Practice objective / multiple choice question 5 from the 2019 Post Utme Lasu Commerce examination.

Post Utme Lasu 2019 Commerce Objective / Multiple Choice
Question 5 POST_UTME_LASU • 2019 • COMMERCE • objective

A company has a sole proprietorship business. If the company's assets are worth ₦100,000 and its liabilities are ₦50,000, what is the company's equity?

Answer Options

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

About This Question

This is Post Utme Lasu 2019 Commerce Question 5. It is one of the objective questions from the 2019 Post Utme Lasu Commerce examination.

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