Post Utme Oau 2018 Accounting Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Oau Accounting examination.

Post Utme Oau 2018 Accounting Objective / Multiple Choice
Question 15 POST_UTME_OAU • 2018 • ACCOUNTING • objective

A company's accounting records show that its total assets increased by ₦500,000 and its total liabilities increased by ₦200,000 during the year. If the company's net income for the year was ₦300,000, what was the increase in its equity?

Answer Options

A. ₦200,000
Correct Answer B. ₦300,000
C. ₦400,000
D. ₦500,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Oau 2018 Accounting Question 15. It is one of the objective questions from the 2018 Post Utme Oau Accounting examination.

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