Post Utme Redeemers University 2019 Accounting Question 10

Practice objective / multiple choice question 10 from the 2019 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2019 Accounting Objective / Multiple Choice
Question 10 POST_UTME_REDEEMERS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: Assets: ₦200,000, Liabilities: ₦150,000, Equity: ₦50,000. What is the ratio of equity to liabilities?

Answer Options

A. 1:1
B. 1:2
Correct Answer C. 2:1
D. 3:1
Correct Answer
C
Correct Option:
2:1

About This Question

This is Post Utme Redeemers University 2019 Accounting Question 10. It is one of the objective questions from the 2019 Post Utme Redeemers University Accounting examination.

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