Post Utme Unilorin 2020 Accounting Question 10

Practice objective / multiple choice question 10 from the 2020 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2020 Accounting Objective / Multiple Choice
Question 10 POST_UTME_UNILORIN • 2020 • ACCOUNTING • objective

A company's double entry system for the year ended 31st December 2020 is as follows: Debit: ₦500,000; Credit: ₦600,000. Calculate the company's net change in equity.

Answer Options

A. ₦100,000
Correct Answer B. ₦0
C. -₦100,000
D. -₦200,000
Correct Answer
B
Correct Option:
₦0

About This Question

This is Post Utme Unilorin 2020 Accounting Question 10. It is one of the objective questions from the 2020 Post Utme Unilorin Accounting examination.

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