Post Utme Lead City University 2019 Accounting Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2019 Accounting Objective / Multiple Choice

Question 3 POST_UTME_LEAD_CITY_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's balance sheet shows a total asset value of ₦5,000,000. The company's total liabilities are ₦2,000,000. What is the company's equity?

Answer Options

Correct Answer A. ₦3,000,000

B. ₦2,000,000

C. ₦1,000,000

D. ₦4,000,000

Correct Answer

Correct Option:

₦3,000,000

About This Question

This is Post Utme Lead City University 2019 Accounting Question 3. It is one of the objective questions from the 2019 Post Utme Lead City University Accounting examination.

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