Gce Model Questions Vol1 2018 Financial Accounting Question 41

Practice objective / multiple choice question 41 from the 2018 Gce Model Questions Vol1 Financial Accounting examination.

Gce Model Questions Vol1 2018 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 41 GCE_MODEL_QUESTIONS_VOL1 • 2018 • FINANCIAL_ACCOUNTING • objective

A business has total assets of \( \text{₦}500,000 \) and total liabilities of \( \text{₦}300,000 \). What is the owner's equity?

Answer Options

A. 300000
B. 800000
C. 100000
Correct Answer D. 200000
Correct Answer
D
Correct Option:
200000

About This Question

This is Gce Model Questions Vol1 2018 Financial Accounting Question 41. It is one of the objective questions from the 2018 Gce Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support