Post Utme Rsu 2021 Accounting Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Rsu Accounting examination.

Post Utme Rsu 2021 Accounting Objective / Multiple Choice
Question 25 POST_UTME_RSU • 2021 • ACCOUNTING • objective

A company's balance sheet shows total assets of ₦5,000,000 and total liabilities of ₦2,000,000. Calculate the company's equity.

Answer Options

Correct Answer A. ₦3,000,000
B. ₦2,500,000
C. ₦3,500,000
D. ₦4,000,000
Correct Answer
A
Correct Option:
₦3,000,000

About This Question

This is Post Utme Rsu 2021 Accounting Question 25. It is one of the objective questions from the 2021 Post Utme Rsu Accounting examination.

View More Post Utme Rsu 2021 Accounting Questions More Post Utme Rsu Practice Questions Back to Questions

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