Post Utme Veritas University 2023 Accounting Question 22
Practice objective / multiple choice question 22 from the 2023 Post Utme Veritas University Accounting examination.
A company uses the single-entry system of accounting. The company's assets are ₦300,000, liabilities are ₦100,000, and equity is ₦200,000. If the company's net income is ₦50,000, what is the new balance in the equity account?
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About This Question
This is Post Utme Veritas University 2023 Accounting Question 22. It is one of the objective questions from the 2023 Post Utme Veritas University Accounting examination.
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