Post Utme Skyline University 2018 Accounting Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2018 Accounting Objective / Multiple Choice
Question 17 POST_UTME_SKYLINE_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 shows an increase in the value of its non-current assets by ₦1,200,000. If the company's total liabilities increased by ₦800,000, what is the increase in shareholders' equity?

Answer Options

Correct Answer A. ₦400,000
B. ₦1,000,000
C. ₦1,200,000
D. ₦1,800,000
Correct Answer
A
Correct Option:
₦400,000

About This Question

This is Post Utme Skyline University 2018 Accounting Question 17. It is one of the objective questions from the 2018 Post Utme Skyline University Accounting examination.

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