Post Utme Uniport 2022 Accounting Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Uniport Accounting examination.

Post Utme Uniport 2022 Accounting Objective / Multiple Choice
Question 23 POST_UTME_UNIPORT • 2022 • ACCOUNTING • objective

A company has a single entry system. The company's assets increased by ₦50,000 and its liabilities decreased by ₦20,000. What is the net increase in the company's equity?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Uniport 2022 Accounting Question 23. It is one of the objective questions from the 2022 Post Utme Uniport Accounting examination.

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