Post Utme Veritas University 2021 Accounting Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2021 Accounting Objective / Multiple Choice
Question 20 POST_UTME_VERITAS_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's balance sheet shows a total assets of ₦500,000 and a total liabilities of ₦300,000. What is the amount of the company's equity?

Answer Options

A. ₦100,000
B. ₦200,000
C. ₦300,000
Correct Answer D. ₦400,000
Correct Answer
D
Correct Option:
₦400,000

About This Question

This is Post Utme Veritas University 2021 Accounting Question 20. It is one of the objective questions from the 2021 Post Utme Veritas University Accounting examination.

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