Post Utme Lead City University 2022 Accounting Question 25

Practice objective / multiple choice question 25 from the 2022 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2022 Accounting Objective / Multiple Choice

Question 25 POST_UTME_LEAD_CITY_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's balance sheet shows a total assets of ₦5,000,000 and a total liabilities of ₦3,000,000. What is the company's equity?

Answer Options

A. ₦1,000,000

Correct Answer B. ₦2,000,000

C. ₦3,000,000

D. ₦4,000,000

Correct Answer

Correct Option:

₦2,000,000

About This Question

This is Post Utme Lead City University 2022 Accounting Question 25. It is one of the objective questions from the 2022 Post Utme Lead City University Accounting examination.

View More Post Utme Lead City University 2022 Accounting Questions More Post Utme Lead City University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support