Post Utme Summit University 2019 Accounting Question 35
Practice objective / multiple choice question 35 from the 2019 Post Utme Summit University Accounting examination.
A company uses the double-entry system to record its transactions. The accounting equation is Assets = Liabilities + Equity. If the company's assets decrease by ₦20,000 and its liabilities increase by ₦10,000, what is the decrease in equity?
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About This Question
This is Post Utme Summit University 2019 Accounting Question 35. It is one of the objective questions from the 2019 Post Utme Summit University Accounting examination.
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