Post Utme Nile University 2019 Accounting Question 9

Practice objective / multiple choice question 9 from the 2019 Post Utme Nile University Accounting examination.

Post Utme Nile University 2019 Accounting Objective / Multiple Choice

Question 9 POST_UTME_NILE_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following trial balance: Debit: ₦50,000, Credit: ₦60,000. What is the correct balance sheet equation?

Answer Options

Correct Answer A. Assets = Liabilities + Capital

B. Assets = Liabilities - Capital

C. Assets - Liabilities = Capital

D. Assets + Liabilities = Capital

Correct Answer

Correct Option:

Assets = Liabilities + Capital

About This Question

This is Post Utme Nile University 2019 Accounting Question 9. It is one of the objective questions from the 2019 Post Utme Nile University Accounting examination.

View More Post Utme Nile University 2019 Accounting Questions More Post Utme Nile 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