Post Utme Unilorin 2023 Accounting Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2023 Accounting Objective / Multiple Choice

Question 20 POST_UTME_UNILORIN • 2023 • ACCOUNTING • objective

A company prepares a balance sheet. The assets total ₥0,000, liabilities total ₥0,000, and equity totals ₥0,000. What is the accounting equation?

Answer Options

Correct Answer A. Assets = Liabilities + Equity

B. Assets - Liabilities = Equity

C. Liabilities - Assets = Equity

D. Equity - Liabilities = Assets

Correct Answer

Correct Option:

Assets = Liabilities + Equity

About This Question

This is Post Utme Unilorin 2023 Accounting Question 20. It is one of the objective questions from the 2023 Post Utme Unilorin Accounting examination.

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