Post Utme Osustech 2017 Commerce Question 37

Practice objective / multiple choice question 37 from the 2017 Post Utme Osustech Commerce examination.

Post Utme Osustech 2017 Commerce Objective / Multiple Choice
Question 37 POST_UTME_OSUSTECH • 2017 • COMMERCE • objective

A bank's balance sheet is given by Assets = Liabilities + Equity. If the bank's assets are ₦1,200,000, and its liabilities are ₦1,000,000, what is the bank's equity?

Answer Options

A. ₦100,000
B. ₦200,000
Correct Answer C. ₦300,000
D. ₦400,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Osustech 2017 Commerce Question 37. It is one of the objective questions from the 2017 Post Utme Osustech Commerce examination.

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