Post Utme Madonna University 2021 Accounting Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2021 Accounting Objective / Multiple Choice
Question 13 POST_UTME_MADONNA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2021 showed a total of ₦10,000,000 in assets and a total of ₦5,000,000 in liabilities. Calculate the company's equity as at 31st December 2021.

Answer Options

A. ₦5,000,000
Correct Answer B. ₦7,500,000
C. ₦10,000,000
D. ₦12,500,000
Correct Answer
B
Correct Option:
₦7,500,000

About This Question

This is Post Utme Madonna University 2021 Accounting Question 13. It is one of the objective questions from the 2021 Post Utme Madonna University Accounting examination.

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