Post Utme Mountain Top University 2025 Accounting Question 40

Practice objective / multiple choice question 40 from the 2025 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2025 Accounting Objective / Multiple Choice
Question 40 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2025 • ACCOUNTING • objective

A company prepares its financial statements for the year ended December 31, 2025. The balance sheet shows total assets of ₦2,500,000 and total liabilities of ₦1,500,000. Calculate the equity of the company.

Answer Options

A. ₦1,000,000
B. ₦1,500,000
Correct Answer C. ₦2,000,000
D. ₦2,500,000
Correct Answer
C
Correct Option:
₦2,000,000

About This Question

This is Post Utme Mountain Top University 2025 Accounting Question 40. It is one of the objective questions from the 2025 Post Utme Mountain Top University Accounting examination.

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