Post Utme Lasu 2021 Accounting Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Lasu Accounting examination.

Post Utme Lasu 2021 Accounting Objective / Multiple Choice
Question 34 POST_UTME_LASU • 2021 • ACCOUNTING • objective

A government agency's balance sheet shows an asset of ₦100,000, but the statement of financial position shows a liability of ₦50,000. What is the correct net asset or liability?

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 2021 Accounting Question 34. It is one of the objective questions from the 2021 Post Utme Lasu Accounting examination.

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