Post Utme Aaua 2024 Accounting Question 22

Practice objective / multiple choice question 22 from the 2024 Post Utme Aaua Accounting examination.

Post Utme Aaua 2024 Accounting Objective / Multiple Choice
Question 22 POST_UTME_AAUA • 2024 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2023 shows the following: Share capital ₦5,000,000, Retained earnings ₦3,000,000, and Accumulated depreciation ₦1,500,000. Calculate the company's net worth.

Answer Options

A. ₦8,500,000
Correct Answer B. ₦9,000,000
C. ₦9,500,000
D. ₦10,000,000
Correct Answer
B
Correct Option:
₦9,000,000

About This Question

This is Post Utme Aaua 2024 Accounting Question 22. It is one of the objective questions from the 2024 Post Utme Aaua Accounting examination.

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