Post Utme Aaua 2020 Accounting Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Aaua Accounting examination.

Post Utme Aaua 2020 Accounting Objective / Multiple Choice
Question 25 POST_UTME_AAUA • 2020 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020 shows the following: | Asset | ₦ | Liability | ₦ | | --- | --- | --- | --- | | Cash | 1,000 | Bank Loan | 800 | | Bank | 1,200 | Share Capital | 1,200 | What is the company's net worth?

Answer Options

Correct Answer A. ₦1,200
B. ₦1,300
C. ₦1,400
D. ₦1,500
Correct Answer
A
Correct Option:
₦1,200

About This Question

This is Post Utme Aaua 2020 Accounting Question 25. It is one of the objective questions from the 2020 Post Utme Aaua Accounting examination.

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