Post Utme Unilorin 2017 Commerce Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2017 Commerce Objective / Multiple Choice
Question 29 POST_UTME_UNILORIN • 2017 • COMMERCE • objective

A bank's balance sheet is given by Assets = Liabilities + Equity. If the bank has assets worth ₦100 million, liabilities worth ₦60 million, and equity worth ₦20 million, what is the bank's net worth?

Answer Options

A. ₦20 million
B. ₦30 million
Correct Answer C. ₦40 million
D. ₦50 million
Correct Answer
C
Correct Option:
₦40 million

About This Question

This is Post Utme Unilorin 2017 Commerce Question 29. It is one of the objective questions from the 2017 Post Utme Unilorin Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support