Post Utme Rhema University 2020 Accounting Question 16

Practice objective / multiple choice question 16 from the 2020 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2020 Accounting Objective / Multiple Choice
Question 16 POST_UTME_RHEMA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020 is as follows: Assets: ₦2,500,000; Liabilities: ₦1,500,000; Capital: ₦1,000,000. Calculate the ratio of capital 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 Rhema University 2020 Accounting Question 16. It is one of the objective questions from the 2020 Post Utme Rhema University Accounting examination.

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