Gce Model Questions Vol1 2019 Financial Accounting Question 19

Practice objective / multiple choice question 19 from the 2019 Gce Model Questions Vol1 Financial Accounting examination.

Gce Model Questions Vol1 2019 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 19 GCE_MODEL_QUESTIONS_VOL1 • 2019 • FINANCIAL_ACCOUNTING • objective

A business has total assets of \(500,000\) and total liabilities of \(200,000\). Using the accounting equation, what is the amount of owner's equity?

Answer Options

A. 500000
B. 700000
C. 200000
Correct Answer D. 300000
Correct Answer
D
Correct Option:
300000

About This Question

This is Gce Model Questions Vol1 2019 Financial Accounting Question 19. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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