Post Utme Lasu 2021 Accounting Question 35

Practice objective / multiple choice question 35 from the 2021 Post Utme Lasu Accounting examination.

Post Utme Lasu 2021 Accounting Objective / Multiple Choice
Question 35 POST_UTME_LASU • 2021 • ACCOUNTING • objective

A company's final accounts show a net profit of ₦50,000. What is the correct accounting equation?

Answer Options

Correct Answer A. Assets = Capital + Profit
B. Assets = Capital - Profit
C. Assets = Capital + Loss
D. Assets = Capital - Loss
Correct Answer
A
Correct Option:
Assets = Capital + Profit

About This Question

This is Post Utme Lasu 2021 Accounting Question 35. It is one of the objective questions from the 2021 Post Utme Lasu Accounting examination.

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