Post Utme Unilorin 2021 Accounting Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2021 Accounting Objective / Multiple Choice
Question 15 POST_UTME_UNILORIN • 2021 • ACCOUNTING • objective

A company has a balance sheet that shows a total assets of ₦1,500,000 and a total liabilities of ₦1,000,000. What is the company's equity?

Answer Options

Correct Answer A. ₦500,000
B. ₦1,000,000
C. ₦1,500,000
D. ₦2,000,000
Correct Answer
A
Correct Option:
₦500,000

About This Question

This is Post Utme Unilorin 2021 Accounting Question 15. It is one of the objective questions from the 2021 Post Utme Unilorin Accounting examination.

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