Post Utme Uniben 2020 Accounting Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Uniben Accounting examination.

Post Utme Uniben 2020 Accounting Objective / Multiple Choice
Question 25 POST_UTME_UNIBEN • 2020 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020 is as follows: Fixed Assets: ₦1,500,000; Current Assets: ₦1,200,000; Capital: ₦1,000,000; Reserves: ₦500,000. Calculate the ratio of capital to reserves.

Answer Options

A. 1:1
Correct Answer B. 2:1
C. 3:1
D. 4:1
Correct Answer
B
Correct Option:
2:1

About This Question

This is Post Utme Uniben 2020 Accounting Question 25. It is one of the objective questions from the 2020 Post Utme Uniben Accounting examination.

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