Post Utme Rhema University 2022 Accounting Question 4

Practice objective / multiple choice question 4 from the 2022 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2022 Accounting Objective / Multiple Choice
Question 4 POST_UTME_RHEMA_UNIVERSITY • 2022 • ACCOUNTING • objective

A company prepares a statement of financial position as at 31st December, 2022. The statement shows total assets of ₦500,000 and total liabilities of ₦300,000. What is the amount of equity?

Answer Options

A. ₦100,000
B. ₦200,000
C. ₦300,000
Correct Answer D. ₦400,000
Correct Answer
D
Correct Option:
₦400,000

About This Question

This is Post Utme Rhema University 2022 Accounting Question 4. It is one of the objective questions from the 2022 Post Utme Rhema University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support