Post Utme Unilorin 2024 Accounting Question 22

Practice objective / multiple choice question 22 from the 2024 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2024 Accounting Objective / Multiple Choice

Question 22 POST_UTME_UNILORIN • 2024 • ACCOUNTING • objective

A company's balance sheet shows a total asset value of ₦500,000 and a total liability value of ₦300,000. What is the company's equity?

Answer Options

Correct Answer A. ₦200,000

B. ₦150,000

C. ₦100,000

D. ₦50,000

Correct Answer

Correct Option:

₦200,000

About This Question

This is Post Utme Unilorin 2024 Accounting Question 22. It is one of the objective questions from the 2024 Post Utme Unilorin Accounting examination.

View More Post Utme Unilorin 2024 Accounting Questions More Post Utme Unilorin Practice Questions Back to Questions

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