Post Utme Oau 2020 Accounting Question 18

Practice objective / multiple choice question 18 from the 2020 Post Utme Oau Accounting examination.

Post Utme Oau 2020 Accounting Objective / Multiple Choice
Question 18 POST_UTME_OAU • 2020 • ACCOUNTING • objective

A public sector organization has the following transactions: Debit: ₦10,000, Credit: ₦15,000. What is the accounting equation?

Answer Options

Correct Answer A. Assets = Liabilities + Capital
B. Assets = Liabilities - Capital
C. Assets - Liabilities = Capital
D. Assets + Liabilities = Capital
Correct Answer
A
Correct Option:
Assets = Liabilities + Capital

About This Question

This is Post Utme Oau 2020 Accounting Question 18. It is one of the objective questions from the 2020 Post Utme Oau Accounting examination.

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