Post Utme Summit University 2022 Accounting Question 17

Practice objective / multiple choice question 17 from the 2022 Post Utme Summit University Accounting examination.

Post Utme Summit University 2022 Accounting Objective / Multiple Choice
Question 17 POST_UTME_SUMMIT_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's balance sheet shows a total assets of ₦100,000 and a total liabilities of ₦80,000. What is the correct equity?

Answer Options

Correct Answer A. ₦20,000
B. ₦80,000
C. ₦100,000
D. ₦120,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Summit University 2022 Accounting Question 17. It is one of the objective questions from the 2022 Post Utme Summit University Accounting examination.

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