Post Utme Aaua 2020 Accounting Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Aaua Accounting examination.

Post Utme Aaua 2020 Accounting Objective / Multiple Choice
Question 20 POST_UTME_AAUA • 2020 • ACCOUNTING • objective

A company uses the control account system to record its financial transactions. The company's ledger shows the following balances: Control Account: ₦100,000; Subsidiary Ledger: ₦150,000. What is the company's net worth?

Answer Options

A. ₦50,000
Correct Answer B. ₦100,000
C. ₦150,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Aaua 2020 Accounting Question 20. It is one of the objective questions from the 2020 Post Utme Aaua Accounting examination.

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