Post Utme Abu 2017 Accounting Question 20

Practice objective / multiple choice question 20 from the 2017 Post Utme Abu Accounting examination.

Post Utme Abu 2017 Accounting Objective / Multiple Choice
Question 20 POST_UTME_ABU • 2017 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: Assets: ₦500,000 Liabilities: ₦200,000 Capital: ₦300,000 What is the net worth of the company?

Answer Options

A. ₦300,000
B. ₦400,000
Correct Answer C. ₦500,000
D. ₦600,000
Correct Answer
C
Correct Option:
₦500,000

About This Question

This is Post Utme Abu 2017 Accounting Question 20. It is one of the objective questions from the 2017 Post Utme Abu Accounting examination.

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