Post Utme Lautech 2017 Accounting Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Lautech Accounting examination.

Post Utme Lautech 2017 Accounting Objective / Multiple Choice

Question 33 POST_UTME_LAUTECH • 2017 • ACCOUNTING • objective

A company has the following transactions: Debit: ₦10,000, Credit: ₦15,000. What is the accounting equation?

Answer Options

Correct Answer A. Assets = Liabilities + Equity

B. Assets = Liabilities - Equity

C. Assets - Liabilities = Equity

D. Assets + Liabilities = Equity

Correct Answer

Correct Option:

Assets = Liabilities + Equity

About This Question

This is Post Utme Lautech 2017 Accounting Question 33. It is one of the objective questions from the 2017 Post Utme Lautech Accounting examination.

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