Post Utme Lead City University 2024 Accounting Question 39

Practice objective / multiple choice question 39 from the 2024 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2024 Accounting Objective / Multiple Choice

Question 39 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has the following balance sheet: assets (₦1,000,000), liabilities (₦500,000), and equity (₦500,000). What is the ratio of the equity to the total assets?

Answer Options

A. 1:2

Correct Answer B. 1:3

C. 1:4

D. 1:5

Correct Answer

Correct Option:

1:3

About This Question

This is Post Utme Lead City University 2024 Accounting Question 39. It is one of the objective questions from the 2024 Post Utme Lead City University Accounting examination.

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