Post Utme Aaua 2020 Accounting Question 19

Practice objective / multiple choice question 19 from the 2020 Post Utme Aaua Accounting examination.

Post Utme Aaua 2020 Accounting Objective / Multiple Choice
Question 19 POST_UTME_AAUA • 2020 • ACCOUNTING • objective

A company uses the single-entry system to record its financial transactions. The company's journal shows the following entries: Debit: ₦50,000; Credit: ₦30,000. What is the company's net worth?

Answer Options

A. ₦20,000
B. ₦30,000
Correct Answer C. ₦50,000
D. ₦70,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Aaua 2020 Accounting Question 19. It is one of the objective questions from the 2020 Post Utme Aaua Accounting examination.

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