Post Utme Aaua 2019 Accounting Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Aaua Accounting examination.

Post Utme Aaua 2019 Accounting Objective / Multiple Choice
Question 3 POST_UTME_AAUA • 2019 • ACCOUNTING • objective

A company's trading account shows a profit of ₦50,000. The company's balance sheet shows a total assets of ₦500,000 and total liabilities of ₦200,000. What is the company's net worth?

Answer Options

Correct Answer A. ₦300,000
B. ₦250,000
C. ₦200,000
D. ₦150,000
Correct Answer
A
Correct Option:
₦300,000

About This Question

This is Post Utme Aaua 2019 Accounting Question 3. It is one of the objective questions from the 2019 Post Utme Aaua Accounting examination.

View More Post Utme Aaua 2019 Accounting Questions More Post Utme Aaua Practice Questions Back to Questions

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