Post Utme Rhema University 2021 Accounting Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2021 Accounting Objective / Multiple Choice
Question 14 POST_UTME_RHEMA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's balance sheet shows a total asset value of ₦1,200,000 and a total liability value of ₦800,000. Calculate the company's equity.

Answer Options

A. ₦400,000
B. ₦500,000
Correct Answer C. ₦600,000
D. ₦700,000
Correct Answer
C
Correct Option:
₦600,000

About This Question

This is Post Utme Rhema University 2021 Accounting Question 14. It is one of the objective questions from the 2021 Post Utme Rhema University Accounting examination.

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