Post Utme Uniosun 2020 Accounting Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2020 Accounting Objective / Multiple Choice
Question 14 POST_UTME_UNIOSUN • 2020 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020 showed total assets of ₦1,500,000 and total liabilities of ₦800,000. What is the company's equity as at 31st December 2020?

Answer Options

A. ₦700,000
B. ₦800,000
C. ₦900,000
Correct Answer D. ₦1,000,000
Correct Answer
D
Correct Option:
₦1,000,000

About This Question

This is Post Utme Uniosun 2020 Accounting Question 14. It is one of the objective questions from the 2020 Post Utme Uniosun Accounting examination.

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