Post Utme Uniosun 2020 Accounting Question 10

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

Post Utme Uniosun 2020 Accounting Objective / Multiple Choice
Question 10 POST_UTME_UNIOSUN • 2020 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020 showed a total asset value of ₦ 1,000,000. If the company's liabilities were ₦ 500,000, calculate the company's equity.

Answer Options

A. ₦ 500,000
Correct Answer B. ₦ 520,000
C. ₦ 540,000
D. ₦ 560,000
Correct Answer
B
Correct Option:
₦ 520,000

About This Question

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

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