Post Utme Aaua 2017 Accounting Question 26

Practice objective / multiple choice question 26 from the 2017 Post Utme Aaua Accounting examination.

Post Utme Aaua 2017 Accounting Objective / Multiple Choice
Question 26 POST_UTME_AAUA • 2017 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 shows the following: | Assets | ₦ | Liabilities | ₦ | | --- | --- | --- | --- | | Cash | 50,000 | Bank Loan | 100,000 | | Debtors | 150,000 | Creditors | 80,000 | | Stock | 200,000 | Capital | 300,000 | | Total | 400,000 | Total | 480,000 | What is the company's net worth?

Answer Options

A. ₦80,000
Correct Answer B. ₦100,000
C. ₦120,000
D. ₦140,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Aaua 2017 Accounting Question 26. It is one of the objective questions from the 2017 Post Utme Aaua Accounting examination.

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