Post Utme Nile University 2022 Accounting Question 40

Practice objective / multiple choice question 40 from the 2022 Post Utme Nile University Accounting examination.

Post Utme Nile University 2022 Accounting Objective / Multiple Choice
Question 40 POST_UTME_NILE_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following journal entry: Debit - ₦100,000, Credit - ₦150,000. What is the accounting equation after the journal entry?

Answer Options

Correct Answer A. Assets - ₦50,000, Liabilities - ₦150,000, Equity - ₦100,000
B. Assets - ₦150,000, Liabilities - ₦100,000, Equity - ₦50,000
C. Assets - ₦100,000, Liabilities - ₦50,000, Equity - ₦150,000
D. Assets - ₦50,000, Liabilities - ₦50,000, Equity - ₦100,000
Correct Answer
A
Correct Option:
Assets - ₦50,000, Liabilities - ₦150,000, Equity - ₦100,000

About This Question

This is Post Utme Nile University 2022 Accounting Question 40. It is one of the objective questions from the 2022 Post Utme Nile University Accounting examination.

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