Post Utme Wellspring University 2025 Accounting Question 18

Practice objective / multiple choice question 18 from the 2025 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2025 Accounting Objective / Multiple Choice

Question 18 POST_UTME_WELLSPRING_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's balance sheet shows an increase in its current liabilities from ₦50,000 to ₦70,000. What is the accounting equation implication of this increase?

Answer Options

A. Increase in assets

B. Decrease in equity

Correct Answer C. Increase in equity

D. Decrease in assets

Correct Answer

Correct Option:

Increase in equity

About This Question

This is Post Utme Wellspring University 2025 Accounting Question 18. It is one of the objective questions from the 2025 Post Utme Wellspring University Accounting examination.

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