Post Utme Veritas University 2019 Accounting Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2019 Accounting Objective / Multiple Choice
Question 29 POST_UTME_VERITAS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's accounting records show that its total assets increased by ₦1,500,000 and its total liabilities increased by ₦800,000. What is the increase in its equity?

Answer Options

Correct Answer A. ₦700,000
B. ₦1,000,000
C. ₦1,300,000
D. ₦1,500,000
Correct Answer
A
Correct Option:
₦700,000

About This Question

This is Post Utme Veritas University 2019 Accounting Question 29. It is one of the objective questions from the 2019 Post Utme Veritas University Accounting examination.

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