Post Utme Redeemers University 2021 Accounting Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2021 Accounting Objective / Multiple Choice
Question 11 POST_UTME_REDEEMERS_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's accounting records show that the total assets increased by ₦120,000 and the total liabilities increased by ₦80,000. What is the increase in the company's equity?

Answer Options

A. ₦40,000
B. ₦60,000
Correct Answer C. ₦80,000
D. ₦120,000
Correct Answer
C
Correct Option:
₦80,000

About This Question

This is Post Utme Redeemers University 2021 Accounting Question 11. It is one of the objective questions from the 2021 Post Utme Redeemers University Accounting examination.

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