Post Utme Rsu 2022 Commerce Question 18

Practice objective / multiple choice question 18 from the 2022 Post Utme Rsu Commerce examination.

Post Utme Rsu 2022 Commerce Objective / Multiple Choice
Question 18 POST_UTME_RSU • 2022 • COMMERCE • objective

A bank's balance sheet is given by Assets = Liabilities + Equity. If the bank's assets are worth ₦100 million and its liabilities are ₦80 million, what is the bank's equity?

Answer Options

A. ₦10 million
B. ₦20 million
Correct Answer C. ₦30 million
D. ₦40 million
Correct Answer
C
Correct Option:
₦30 million

About This Question

This is Post Utme Rsu 2022 Commerce Question 18. It is one of the objective questions from the 2022 Post Utme Rsu Commerce examination.

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