Post Utme Aaua 2019 Accounting Question 5

Practice objective / multiple choice question 5 from the 2019 Post Utme Aaua Accounting examination.

Post Utme Aaua 2019 Accounting Objective / Multiple Choice
Question 5 POST_UTME_AAUA • 2019 • ACCOUNTING • objective

A company's balance sheet shows a total assets of ₦500,000 and total liabilities of ₦200,000. The company's net worth is ₦300,000. What is the company's equity?

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 5. It is one of the objective questions from the 2019 Post Utme Aaua Accounting examination.

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