Post Utme Lautech 2020 Accounting Question 27

Practice objective / multiple choice question 27 from the 2020 Post Utme Lautech Accounting examination.

Post Utme Lautech 2020 Accounting Objective / Multiple Choice
Question 27 POST_UTME_LAUTECH • 2020 • ACCOUNTING • objective

A company's balance sheet shows the following balances: Equity ₦100,000, Liabilities ₦200,000. What is the correct balance of the company's assets?

Answer Options

A. ₦100,000
B. ₦200,000
Correct Answer C. ₦300,000
D. ₦400,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Lautech 2020 Accounting Question 27. It is one of the objective questions from the 2020 Post Utme Lautech Accounting examination.

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