Post Utme Pan Atlantic University 2022 Accounting Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2022 Accounting Objective / Multiple Choice

Question 24 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2022 • ACCOUNTING • objective

Under the double entry system, what is the effect of a decrease in the value of a company's assets on its equity?

Answer Options

A. Increase in equity

Correct Answer B. Decrease in equity

C. No effect on equity

D. Increase in liabilities

Correct Answer

Correct Option:

Decrease in equity

About This Question

This is Post Utme Pan Atlantic University 2022 Accounting Question 24. It is one of the objective questions from the 2022 Post Utme Pan Atlantic University Accounting examination.

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