Neco 2018 Financial Accounting Question 7
Practice objective / multiple choice question 7 from the 2018 Neco Financial Accounting examination.
According to the accounting equation \(\text{Assets} = \text{Liabilities} + \text{Owner\'s\ Equity}\), if assets increase by \(\text{₦}45,000\) and liabilities decrease by \(\text{₦}12,000\) during a period, what is the change in owner's equity?
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About This Question
This is Neco 2018 Financial Accounting Question 7. It is one of the objective questions from the 2018 Neco Financial Accounting examination.
Difficulty level: Easy .
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