Post Utme Unilorin 2022 Commerce Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2022 Commerce Objective / Multiple Choice
Question 20 POST_UTME_UNILORIN • 2022 • COMMERCE • objective

A company's balance sheet shows total assets of ₦5,000,000 and total liabilities of ₦2,000,000. What is the company's equity?

Answer Options

Correct Answer A. ₦3,000,000
B. ₦3,500,000
C. ₦4,000,000
D. ₦4,500,000
Correct Answer
A
Correct Option:
₦3,000,000

About This Question

This is Post Utme Unilorin 2022 Commerce Question 20. It is one of the objective questions from the 2022 Post Utme Unilorin Commerce examination.

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